Two cars exploded simultaneously on Sunday outside the Trade Bank of Iraq's (TBI's) headquarters in Baghdad on a day that saw more than two-dozen people killed by bombers in the Iraqi capital.

The TBI has been responsible for the reintroduction of relatively normal letter of credit (L/C) business in Iraq since the fall of Saddam Hussein.

Deaths and injuries

Reports of the incident vary, but it seems a total of 26 people died in attacks in Baghdad on 20 June and at least 50 more people were injured.

Suicide bombers reportedly drove two cars loaded with ammonium nitrate into the TBI.

Financial targets

The assault on the TBI follows an attack a week ago on the Central Bank of Iraq, when 18 people died after an assault by five suicide bombers.

Violent attacks have escalated in Iraq since March's parliamentary election.

The polls produced no outright winner, and a deal between the various parties to form a coalition government has not yet been reached.

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