When it comes to accolades in finance and banking, then there are very few that can match up to those provided by the influential Global Finance magazine. In a new development, a magazine named the Trade Bank of Iraq as the safest bank in the country, and the verdict was reached in the exclusive survey that had been conducted by the magazine.
It is one of the most extensive surveys conducted by the magazine, and it prepares a list of banks from all over the world. The total assets of the banks in question and the long term ratings of the banks from the leading rating firms are taken into consideration as well.
The TBI is one of the biggest banks in Iraq and is regarded as one of the most important constituents of the economy in the country. President & Chairman of Trade Bank of Iraq, Faisal Al Haimus, spoke about accolades at the event. He said,
This award is a testament to the hard work, dedication and commitment towards our customers. Our excellent asset quality, and pragmatic approach to risk management leave us well placed to generate sustainable profitability and continue growing stronger.
Over the years, the bank has been highly influential in shaping the direction of the Iraqi economy, and its work has come in for special mention plenty of times. One of the most important functions that are performed by TBI is that of bringing in foreign investment to the country, and in that regard, it has been quite successful. It presents Iraq as an attractive investment destination and then provides its services to those who want to do business in the country. It was the 28th edition of the award from Global Finance magazine, and it proved to be another successful event.