Mubasher: Mosul Bank for Development and Investment reported a 57.19% year-on-year decline in profits in the second quarter of 2016 to IQD 741.26 million ($622.29).

Profits also decreases 55.46% in H1-16 to IQD 1.51 million, compared to IQD 3.39 million in H1-15, according to a bourse filing.