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Spectrum Bank decides to increase its capital to 150 billion dinars
The Economy News - Baghdad:
The General Authority of the Islamic Spectrum Bank for Investment and Finance decided to increase the bank’s capital to 150 billion dinars, an increase of 50 billion dinars.
A source in the bank told "Al-Eqtisad News" that "the general assembly held a general meeting and voted to distribute the profits and increase the bank's capital to 150 billion dinars."
He added that "the bank's capital is currently 100 billion dinars."
It is noteworthy that the Islamic Spectrum Bank was a money transfer company and it was transformed into an Islamic bank early this year.
And the bank achieved profits during the past year 222.1 million dinars.
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