Iraq's top commercial bank Trade Bank of Iraq (TBI) has extended loans worth more than $3 billion to reconstruction projects, a government official said.

Mudher Muhammed Saleh, the financial advisor to the Iraqi government, told Zawya Projects that these amounts were extended in 2019 to support government institutions and agencies.

Major projects financed by TBI loans include the Bismayah City project in Bagdad and the Baghdad Mall in Al-Harithiya, noted Saleh.

(Reporting by Majda Muhsen; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)

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