Banking in Iraq

National Bank Of Iraq

The National Bank of Iraq (NBI) was founded in 1995 as a publicly traded, private sector company, offering comprehensive banking services to individuals and businesses in Iraq. As a result of the Bank’s success and to fuel future growth, its paid up capital was increased from the initial 520 million IQD (USD to IQD 250 billion (USD 215 million) in December 2013. In 2005, Capital Bank Jordan acquired majority shares (61.85%) in the Bank, allowing NBI to evolve its business offerings, strengthen its global footprint, and promote financial inclusion across the country.

1001 to 5000 staff

International Development Bank

The International Development Bank was established in 2011 with an initial capital of 100 billion Iraqi Dinars - today a paid-up capital of 250 billion IQD (equivalent to 210 million US Dollars)- and quickly rose to establish itself among leading banks, both locally and regionally, offering commercial banking services to both corporate and retail clients. Under the leadership of the Chairman of our Board of Directors, Mr. Ziad Khalaf Abed Kareem, who institutionalized firm foundations and principles for operations, IDB was able to acquire a significant market share of the total trade finance business, electronic cards issuing and overall local banking market. With Compliance & Anti-Money Laundering mandating as two autonomous departments within the bank, and Ernst & Young as external auditors for the years 2017- 2019, we ensure both accuracy and transparency of all operations. Currently represented in all major provinces of Iraq, including Iraqi Kurdistan, through 15 branches and more than 550 employees, 220 ATMs and POS across Iraq, along with offices in Beirut and Dubai, we aim to have a network of 25 all-inclusive branches in the country, as well as more than 300 ATMs installed and POS by the end of 2022. IDB has positively contributed to the reconstruction of Iraq through financing mega projects across various sectors, with a total lending sum exceeding IQD 450 billion (equivalent to more than 375 million USD dollars) in the form of direct and indirect credit facilities in addition to SMEs Financing Initiatives stipulated by the Central Bank of Iraq through financing projects with a total sum exceeding 10 billion Iraqi dinars (equivalent to 8 million US dollars) throughout various provinces in Iraq during 2017. During the years 2016-2018, IDB attained an “Issuing and Acquiring” license from Mastercard and Visa, becoming the first Iraqi bank with the ability to issue all types - debit, credit and prepaid - of electronic bank cards.

501 to 1000 staff

Cihan Bank

Cihan Bank for Islamic Investment and Finance Mastercard Issuer We execute international transactions like LC, LG, Treasury and the remittances to all around the world through our Correspondent Banks network by SWIFT using OFAC list filtering. The list of Cihan Bank's correspondent banks is as the following:

201 to 500 staff

First Iraqi Bank

We are the first Iraqi bank to make digital banking a reality for the Iraqi people. We empower our customers by guiding them into tomorrow, today. We offer everything a traditional bank offers, and more, compliant with the rules of Islamic banking.

501 to 1000 staff

Iraqi Islamic Bank For Investment & Development

he Iraqi Islamic Bank for Investment and Development opened its door to the public on the 23rd Feb 1993 and was initially approved by the Iraqi Central Bank on the 19th Feb. Since its inception, the IIB was set to working according to the investment criteria and not according to fixed principles of profit-based standards of Islamic law, hence the bank's main aim was and remains to contribute to the support and the development of national economy and its reconstruction through financial investment in various standard investment projects and opportunities, with its present banking dealings are all in accordance with the provisions of Islamic law.

201 to 500 staff

Rasheed Bank

Rasheed Bank was established under Law No. 52 of 1988 and became subject to the Public Companies Law No. 22 of 1997. On December 4, 2001, the bank's capital reached two billion Iraqi Dinars.

1001 to 5000 staff

Ibl Bank Sal

IBL Bank was incorporated in 1961 as a Joint Stock Company under the name of “Development Bank SAL” with a capital of LBP 8 million for a period of 99 years. The name IBL Bank sal was attained in 2008 based on a vision adapted by the Board of Directors in order to boost the Bank’s positioning and Brand awareness. As an Alpha Bank, we are currently operating through 20 national branches spread all over Lebanon, and 4 Branches abroad: the first in Europe (Cyprus - Limassol), and 3 Branches in Iraq (Erbil, Basra & Baghdad). Our business line covers commercial & corporate banking, retail banking & Investment Banking, focusing on the domestic & regional markets while determining to provide a first class customer service for our clients. IBL Bank was the first to introduce the Smart ATM in 2003 to the Lebanese Market, and the first Lebanese bank to enter the Iraqi market by opening a representative office in Erbil in 2005 which was later on developed to a fully operating branch in 2008. The Bank established IBL Investment Bank SAL (IBL Invest) in 2011, a fully owned specialized bank. IBL Invest aims to provide a value-added investment banking services, meeting the needs of its clients & targeting new regional market. The main business line and services provided are advisory, corporate finance & wealth management services. The strong growth that the Bank has achieved throughout the years was coupled with and fostered by the continuous investments in human capital, either organically through seminars, training sessions & effective Human Resources management or externally by recruiting skilled managers & dynamic young staff. Amid its track record of solid growth, rigorous risk management & adequate Capital levels, the Bank is in the process of developing its local & regional network. The Bank’s Head-Office & main branch are located in Achrafieh, Beirut. For more info please visit our website or Call us on +961-1-200350

201 to 500 staff

Misk Islamic Bank

في عام 2023 ، تأسس مصرف مسك في بغداد ، كمصرف اسلامي رائد في تقديم الخدمات المصرفية الاسلامية ، حيث يقوم مصرفنا بتقديم خدمات مصرفية متنوعة تمتاز بالسلاسة و السهولة و الجودة العالية وتوافقها مع احكام الشريعة الإسلامية.

11 to 50 staff

Economy Bank For Investment & Finance

provides banking services to our customers,efficiency,security and customer satisfaction is the title of our distinction

201 to 500 staff

World Islamic Bank

201 to 500 staff

Ashur International Bank For Investment

Welcome to the world of Ashur International Bank for Investment, your entrance to experiment with new banking dealers are the priority. If you are looking for information on saving accounts of high value or for a major financing, then Ashur International Bank for Investment is ready to provide the highest levels of assistance. Since its establishment in the six month of the year 2005 as the first full-service investment bank, the Bank has been a pioneer in the field of services and investment banking products, which sets standards in this area with increasing demand for products and investment banking services in the region and the world. Today, the investment banking services growing and enjoys a high level of appreciation as an alternative investment for traditional commercial banking services, which attract more foreign dealers, and the incentive system has been committed to transparent investment banking with high credibility. The Ashur International Bank for Investment is a pioneer in this sector, which is attached as an inherent always rooted around dealers, where personal services, excellent and accurate understanding of the needs and requirements of dealers, is the foundations upon which the bank is grown. The combination of heritage and history with the commitment flexibility, innovation and modernization, where the bank to is to provide comprehensive solutions to all the requirements of dealers, regardless of the financial kind.

201 to 500 staff

Credit Bank Of Iraq

Credit Bank of Iraq was originally set up in 1998 by traditional Iraqi merchant families with a paid up capital of IQD before the bank was listed on Iraq stock exchange in 2004. NBK was one of the original three banks to be granted a license to operate in Iraq and later in 2005 the first bank to successfully complete the purchase of an Iraqi bank. In 2005, when NBK acquired its 84.3% stake in Credit Bank of Iraq, it also increased the bank’s capital. NBK helped develop Credit Bank of Iraq and advance it to be one of the top private banks in Iraq. Today, Credit Bank of Iraq offers a range of services for retail customers, as well as transfer and trade finance services for local companies and contractors. Project finance services can be offered for international companies operating in Iraq, after getting an approval from the Central Bank of Iraq. Credit Bank of Iraq’s branch network includes 2 branches in Baghdad (including business center in Hay Al-Mansour premises in Mansour quarter), and one in each of the following governorates: Basra(An important Commercial Center for Oil Companies), Erbil (The capital of the Kurdistan region). As communications and security continue to improve, Credit Bank of Iraq is working to widen its product offering and increase its reach.

51 to 200 staff

Rajih Islamic Bank

مصرف الراجح الاسلامي للاستثمار والتمويل

51 to 200 staff

Luxor Exchange

51 to 200 staff

Yana Banking Services Ybs

YBS is a leading company in Iraq and Kurdistan Region for payment processing solutions. It offers vast array of hybrid products and services to Banks and financial institutions which can process the issuing of bank payment cards, as well as acquiring and managing of ATMs on Banks behalf.

51 to 200 staff

Elaf Islamic Bank

Elaf islamic bank Elaf Islamic Bank originated under the name "Al Baraka Investment and Finance Bank", established according to Certificate of Incorporation No.(7788) from the Companies Registration Department on March 18, 2001. Elaf Islamic Bank offers a diverse range of commercial, specialized, and investment banking services, catering to both local and international needs. This is carried out under the supervision and oversight of the Central Bank of Iraq, through its network of branches spread across various Iraqi provinces.

201 to 500 staff

Erbil Bank For Investment And Finance

Erbil Bank can provide you with a tailor made products to satisfy your financing need within an ever-changing trade conditions. Debt is essential for businesses funding current operations or future investment.

51 to 200 staff

Mashreq Al-Arabi Bank

تأسس المصرف في عام 2018 برأس مال مصرح به من قبل البنك المركزي العراقي وهو مرخص لممارسة نشاطاته كمصرف أسلامي. يصبو مصرف المشرق العربي الإسلامي للاستثمار بأن يصبح المؤسسة المالية الرائدة في المنطقة وان يساهم بشكل فعال في نمو قطاع الصيرفة الإسلامية من خلال اتخاذه لشكل جديد يرتكز على التقنيات الحديثة والخدمات المتميزة.

51 to 200 staff

Mosul Bank For Development And Investment

Mosul Bank seeks to provide better and faster services to its customers and Mosul Bank provides the following services - Managing and open current accounts and savings. and deposits Iraqi dinar and the dollar - The completion of letters of credit and foreign remittances - The issuance of letters of guarantee local and foreign. Iraqi dinar and the dollar- The completion of the exchange services in foreign currencies through foreign exchange bureaux at competitive prices - An external system transfers (western union)- The granting of loans Iraqi dinar and the U.S. dollar and the individuals and institutions with commercial activity and industrial, agricultural and tourism purposes and for infrastructure projects and public utilities - Discount bills of various commercial - Make remittances outgoing and incoming Iraqi dinar. and foreign currency and credited to the customer in any branch of the bank - Management services stocks and bonds. and investment portfolios for clients - The issuance of bills of diverse and competitive price - The issuance of certified instruments. and acceptance of instruments and other miscellaneous fee collection - Selling cars installments and in all branches of the Bank of Mosul deployed in the central and north- Global issuance of debit cards (MasterCard) of type (Debit) as well as the introduction of mobile banking service (MobiCash) and will soon be the development of the Internet banking service (E-Banking)

51 to 200 staff

Union Bank Of Iraq

تأسس مصرف الاتحاد العراقي في عام 2002 ، وهو شركة مساهمة خاصة مقرها في بغداد – العراق. ويبلغ رأس المال الحالي 252 مليار دينار عراقي، والبنك مرخص من قبل البنك المركزي العراقي، لتقديم مجموعة من الخدمات المالية للأفراد والشركات والمؤسسات. لدينا عشرة فروع في جميع أنحاء العراق، بما في ذلك أربيل، والبصرة، والنجف، وكربلاء، وذي قار، وميسان، وواسط، والقادسية، وديالى، والأنبار. هدفنا هو تقديم أرقى الخدمات المالية لعملائنا، بما في ذلك الاستشارات وإدارة الثروات والقروض وخدمات العملاء الخاصة. نقدم أيضاً مزايا مصرفية للشركات، تتضمن الخدمات المحلية والأجنبية والتمويل الهيكلي والتجاري وغير ذلك. في مصرف الإتحاد العراقي ، نحن ملتزمون بتوسيع نطاق وصولنا وخدماتنا لخدمة عملائنا بشكل أفضل. نخطط لفتح فروع إضافية في السليمانية، ودهوك، ونينوى، وصلاح الدين، وكركوك، وبابل، والمثنى ومناطق أخرى في العاصمة بغداد. كما نقدم خدمات مصرفية عبر الإنترنت والهاتف، مما يتيح لعملائنا الوصول إلى خدماتنا بشكل ملائم وبما يتماشى مع التطور العالمي في قطاع الخدمات المصرفية. تشمل خدماتنا المصرفية الخاصة خدمات الاستثمار، والخدمات الأجنبية، والخدمات الدولية، وخدمات الوساطة، والتي تشمل تداول الأوراق المالية، وتداول الأسهم، والتحويلات المالية. نحن فخورون بتقديم مجموعة من الخدمات لمساعدة عملائنا على تحقيق أهدافهم المالية. شكرا لاختياركم مصرف الإتحاد العرا

201 to 500 staff

Al-Anssari Islamic Investment And Finance Bank

م ترخيص مصرف الأنصاري الإسلامي للاستثمار والتمويل بموجب كتاب دائرة تسجيل الشركات قسم الشركات المساهمة ذي العدد ش / هـ/ 15360 في 23/5/2017 وكتاب البنك المركزي العراقي دائرة مراقبة الصيرفة بالعدد 9/8/2140 بتاريخ 8/2/2017 وبدأ الفرع الرئيسي للمصرف عمله 5 / 3 / 2017 برأس مال قدره (250) مليار دينار عراقي المدفوع بالكامل,مصرف الأنصاري الإسلامي- المصرف الذي يقدم أعلى مستويات الخدمة المصرفية الإسلامية، إن مؤسستنا تعكس قيم الحداثة والتنوع والنمو في العراق الذي نشاركه بالاسم بالإضافة ان مصرفنا رسم سياسته في تحقيق قيم العدالة والمساواة والشفافية في كل الأنشطة التي نقوم بها.

51 to 200 staff

Alqurtasbank

Alqurtas bank aims to provide all the banking and financial operations according to the Islamic shariah laws.

201 to 500 staff

Ameen Al-Iraq Bank For Islamic Investment And Finance

AIB Bank is a leading financial institution dedicated to delivering innovative and customer-centric banking solutions. Established to empower individuals, businesses, and communities, we provide a comprehensive range of financial services, including personal banking, corporate banking, investment solutions, and digital financial products.

201 to 500 staff

Byblos Bank Iraq

We deliver innovative financial solutions with a strong commitment to integrity, performance, and customer satisfaction. Our branches in Baghdad, Basra, Erbil, and Sulaymaniyah offer cutting-edge and friendly banking services, including tailored solutions for individuals and businesses. As part of the Byblos Bank Group, with a presence in Europe, the Middle East, and Africa, we take pride in being the first Lebanese bank in Iraq, starting in Erbil in 2006.

51 to 200 staff