Financial and Banking News

REGIONAL BANKING

Rafidain Bank's Profits Recover in 1984 

After suffering a 49% decline in 1983, the net profits of Iraq's state-owned Rafidain Bank recovered to reach ID223.18mn ($714mn) in 1984, which although 8% lower than 1982's profits still provide a greatly improved return on total assets.

Rafidain's total footings grew by 4.9% in 1984 to reach ID14,672.36mn ($47bn) and although a full breakdown of the figures were unavailable at ...