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Iraq Noor Islamic Bank For Investment (BINI) - FY19
Iraq Noor Islamic Bank For Investment (BINI) - FY19 (audited financial statements): B/S – FY19: Assets: IQD278.8 bn, +0.4% q/q (-10% ytd), Net direct credit facilities (murabaha): IQD46.2 bn, -0.1% q/q (+8% ytd), Cash: IQD160.0 bn, -21% q/q (-30% ytd), Deposits: IQD21.0 bn, +19% q/q (-52% ytd). P&L - 4Q19: Islamic activity revenues: IQD1.8 bn, +53% q/q (+99% y/y), Net commission income (expense): -IQD2.5 bn (+IQD0.5 bn in 4Q18 and +IQD1.0 bn in 3Q19), Net FX income: IQD2.5 bn (+IQD0.3 bn in 4Q18 and +IQD0.2 bn in 3Q19), Profit (loss) bef. tax: -IQD0.6 bn (+IQD1.6 bn in 4Q18 and +IQD1.2 bn in 3Q19)). P&L – FY19: Islamic activity revenues: IQD5.4 bn, +85% y/y, Net commission income: IQD0.9 bn, -89% y/y, Net FX income: IQD3.2 bn, +106% y/y, Profit bef. tax: IQD2.8 bn, -52% y/y.
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