Documentary Credits

The balance of documentary credits amounted to 18,932 million Dinars at the end of 2012, down by 18%. A total of 80 letters of credit were opened during the year, mostly through our correspondent in Amman, Housing Bank for Investment and Development, sixty of which were related to the Trade Bank of Iraq for a total amount of US $ 33,989,728 and 20 granted to the clients of the bank in the amount of US $ 7610228. Total revenues achieved from these documentary credits amounted to 493,621 thousand Dinars.

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