Iraqi Al-Ahly Bank has released its financial results for the year 2024, showcasing significant growth across various financial metrics. This performance indicates the bank’s robust position in the market and its commitment to expanding banking and credit services.
The bank’s total assets for the year 2024 reached approximately 5.1 trillion Iraqi dinars, compared to 3.9 trillion dinars in 2023, reflecting a remarkable growth rate of 30.8%. Additionally, credit facilities increased to 1.78 trillion dinars, up from 1.3 trillion dinars in 2023, marking a growth of 36.9%.
Deposit levels also saw significant enhancement, culminating in 3.46 trillion dinars in 2024, compared to 2.9 trillion dinars the previous year, thus achieving an increase of 19.3%. Pre-tax profits surged to 293.9 billion dinars in 2024, up from 228.9 billion dinars in 2023, reflecting a growth of 28.4%.
In terms of revenues, the bank reported an increase to 452 billion dinars during 2024, in contrast to 343.1 billion dinars in 2023, corresponding to a growth rate of 31.7%. Furthermore, the bank’s investments in government bonds amounted to approximately 920 billion dinars.
The institution’s net profits, after accounting for income tax, totaled 252.3 billion dinars for the past year. Additionally, the volume of currency purchases for the benefit of clients through the currency sale window surpassed 16.2 billion dollars, leading to commission earnings of 151 billion dinars.
To receive more news, subscribe to our channel on Telegram
