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~~Financial~~

Bank to launch another branch in Baghdad in July

Bank Audi to sell 81 percent of its insurance firm to Saham Finances

Deposits grow slightly, reach $120 billion at end March 2012

Trade Bank of Iraq to focus on promoting bilateral trade

Bank’s assets steady at around $1.5 billion, net income dips to $1.5 million

Total assets reach at $16.8 billion in first quarter

Bank pays a total of $83.08 million to holders of common and preferred shares

Salameh disputes claims of money laundering for Damascus and Tehran

$35 pay out per share, and $143 million in revenues to the Treasury

Net profits total $84 million during first quarter of 2012

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