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April 16, 2021 at 9:33 am | Published in:
Iraq, Middle East, News
An employee of a currency exchange counter, counts local currency bank notes in the southern Iraqi city of Nasiriyah in the Dhi Qar province, on December 20, 2020 [ASAAD NIAZI/AFP via Getty Images]
April 16, 2021 at 9:33 am
Iraq s internal and external debts have amounted to $113 billion, Iraqi officials announced on Wednesday. $40 billion of our debts are outstanding for eight countries since the 1980s and 1990s, financial advisor to the Iraqi prime minister, Mazhar Mohammed Saleh, told the official
Iraqi News Agency (INA).
Saleh pointed out that the creditors included Iran, Saudi Arabia, Qatar, the United Arab Emirates (UAE) and Kuwait, noting that they were refusing: To write off their debts even though they are members of the Paris Club. The Paris Club is an informal group of creditor nations whose objective is to find workable solutions to debtor nations payment problems.
April 9, 2021 Nyasa Times Reporter 5 Comments
Listed FDH Bank plc has reported an after tax profit of K14.9 billion for the year ending 31 December 2020 from a restated after tax profit of K5.19 billion the previous year, its financial statement shows.
Dr Ellias Ngalande FDH Bank Managing Director: Signed the financial statement
Dr Ulemu Katunga Chairman of Finance and Audit Committee of FDH Financial Holdings Limited: Signed the financial statement
Charity Mseka Board Chair for FDH Bank: Signed the financial statement
Richard Chipezaani FDH Bank Head of Finance: Signed the financial statement
The statement signed by the Bank’s Chairperson Charity Mseka, Director Ulemu Katunga, managing Director Ellias Ngalande and Head of Finance Richard Chipezaani, the bank said it achieved the impressive financial results amid a challenging operating environment.
Charity Mseka Board Chair for FDH Bank
Listed FDH Bank plc has reported an after tax profit of K14.9 billion for the year ending 31 December 2020 from a restated after tax profit of K5.19 billion the previous year.
In a statement signed by the Bank’s Chairperson Charity Mseka, Director Ulemu Katunga, managing Director Ellias Ngalande and Head of Finance Richard Chipezaani, the bank said it achieved the impressive financial results amid a challenging operating environment.
“Net Interest Income went up by 77% on the back of an increase in the loan book and other interest bearing assets. Interest expense went up by 15.8% reflecting the growth of the Bank’s deposits.”
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