Meeting of the General Commission of Ashur International Bank for Investment
On 07.06.2013 the General Commission of Ashur International Bank for Investment convened their meeting, where they discussed the Bank's performance during the past year, 2012. During this year, the bank witnessed a remarkable growth of revenues on shareholders' capital amounted up to 10%. This achievement is attributed to the success in achieving inclusive growth in all businesses.
The bank seeks to disseminate its identity, expand its branches network and complete the projects that it started some years ago, in addition to strengthen its trade relations with its customers in order to maintain its leading role in this sector. The Bank is keen to diversify its revenue sources which include various banking fees. The bank remains focused on developing its basic operations, its performance controls, and its capacity in risk management in addition to its capacity in operations management.
The General Commission approved to capitalize the bank’s profits by 10% of the capital, and to increase capital by 30% through the IPO of the bank’s shares, to increase that capital of the bank to reach 210 billion Iraqi dinars.