Growth and Diversification of Asset Base
Income Statement, National Bank of Iraq
All values in USD thousands
2015
2016
2017
2018
2019 CAGR
June 2019
June 2020
Growth
Interest Income/ Lending
16,578
13,248
7,064
6,579
13,415
-5.2%
4,109
9,382
128%
Commission Income/ Transaction
8,486
19,653
26,971
14,787
17,569
20.0%
9,030
9,628
7%
Markets & Investment Banking
3,258
10,291
2,174
(4,501)
5,960 16.3%
3,322
6,434
94%
Total Revenues
28,321
43,191
36,209
16,865
36,943
6.9%
16,460
25,444
55%
Cost of Fund
Gross Operating Income
(6,054)
(3,902)
(5,499)
(3,432)
(4,946) -4.9%
(1,878)
(3,288)
75%
22,267
39,289
30,710
13,432
31,998
9.5%
14,582
22,156
52%
Operating Expenses, Staff
(4,745)
(5,017)
(5,716)
(5,596)
(5,832)
5.3%
(2,789)
(3,600)
29%
Operating Expenses, Other
(8,243)
(8,478)
(9,296)
(11,090)
(10,584)
6.4%
(4,359)
(5,397)
24%
Net Operating Income
9,279
25,794
15,698
(3,253)
15,582 13.8%
7,434
13,159
77%
Provisions & Non-Recurring
(21,653)
(8,727)
(2,418)
16,801
(1,375)
(154)
(1,219)
Income Tax
(1,910)
(3,412)
(2,356)
(1,982)
(469)
(886)
(1,861)
Net Income
(14,284)
13,655
10,924
11,566
13,738
NA
6,394
10,079
58%
Net Interest Margin
8.52%
8.84%
4.15%
4.99%
7.53%
4.52%
6.89%
Efficiency Ratio (Ex. Dep.)
53.5%
29.1%
43.1%
110.6%
45.7%
42.7%
35.7%
ROE
-6.52%
6.59%
5.11%
5.57%
6.69%
6.34%
9.41%
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