Archive | Iraq Banking & Finance News

Iraq Business News brings you the latest Iraq banking & finance news, with information on developments and opportunities.

Fitch Downgrades Outlook for Trade Bank of Iraq (TBI)

By John Lee. Fitch Ratings has revised the outlook for the Trade Bank of Iraq (TBI) from "Stable" to "Negative". In a statement, it says that TBI's Issuer Default Rating (IDR)s are driven by the bank's Viability Rating (VR) and underpinned by potential sovereign support. "The revision of the Outlook to Negative from Stable follows […]

Covid-19: Iraq asks IMF for Debt Deferment

From Middle East Monitor, under a Creative Commons licence. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq asks IMF for debt deferment due to coronavirus crisis The economic and finance adviser to Iraq's Prime Minister has revealed that talks are taking place […]

Trade Bank of Iraq Increases Capital to $3bn

Trade Bank of Iraq Announces Capital Increase to USD 3 Billion Under New Three Year Strategic Vision The Trade Bank of Iraq (TBI) has announced a new capital increase that aims to raise the bank's financial strength in line with the new strategic vision for 2020-23. The bank has increased its capital to USD 3 […]

CBI allows SMEs to Defer Loan Repayments

By John Lee. The Central Bank of Iraq (CBI) has announced that the repayment of loans obtained under its '1 and 5 trillion dinars' finance initiatives for small and medium size businesses (SMEs) will be suspended for three months. According to a statement from the Government of Iraq, the move is an attempt to ease […]

Integrity Commission restored $2bn to Iraqi Treasury

From Middle East Monitor, under a Creative Commons licence. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq’s official anti-corruption agency stated in its latest annual report that it restored 2.84 trillion Iraqi dinars ($2.38 billion) to the Treasury in 2019. The Federal […]

Trade Bank of Iraq reports 68% Jump in Net Profit

By John Lee. The Trade Bank of Iraq (TBI) has reported that it has achieved a "robust growth" in revenues and in key financial areas during 2019, for another consecutive year with its consistent performance, preliminary report released by the bank for the financial year during 31/12/2019. In a statement, the bank said it posted […]

Iraq 2020 - Discovering Business

Iraq Business News is delighted to bring you a major new guide to business in Iraq. Published by Allurentis, in association with Iraq’s National Investment Commission (NIC), Iraq 2020 - Discovering Business contains a wealth of case studies, commentary and data; it’s 68 pages of essential reading for everyone with an interest in the redevelopment […]

Serious Questions on the Appreciation of Iraqi Dinar

The Iraqi Economists Network (IEN) has just published a new report from our Expert Blogger Dr Amer K. Hirmis: Mudher M. Saleh’s testimony re: the appreciation of Iraqi Dinar in 2006-8, raises serious questions? The purpose of this note is to shed light, and comment, on two views expressed recently in relation to the appreciation […]