TBI is the first to issue credit cards in Iraq

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Key Facts


TBI Branches

Trade Bank of Iraq started with one branch in 2003. Now the bank has fifteen branches across Iraq and it keeps expanding. 

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The Trade Bank of Iraq grew into one of the top financial institutions amongst other Arab and regional banks. In a resource and skills abundant country, It became the leading bank, a backbone of investment, and economic growth.


Hamdiyah Mahmood AL- Jaff

President & Chairman

Final Results for the Year to 31 December, 2010



Final Results for the Year to 31 December, 2010




The highlights for 2010 include:


  • Profit for the year up 18% to $361m (2009: $305m)
  • Total operating income up 18% to $400m (2009: $338m)
  • Fees and commission income up 68% to $111m (2009: $66m)
  • Net interest income up 2% to $153m (2009: $150m)
  • Total assets increased 16% to $15 billion (2009: $13 billion)
  • Shareholders' equity increased 31% to $1.5 billion (2009: $1.2 billion)
  • Customer deposits increased 15% to $13 billion (2009: $11 billion)
  • Tier 1 Capital ratio increased 11% to 24.17% (2009: 17.96%)
  • Return on Assets increased 2% to 2.41% (2209: 2.35%)
  • Return on Equity is now 23.85%


Trade Bank of Iraq Sponsors Economist/EIU ‘Iraq Business Investment Summit’, 29 September 2010

We at TBI were proud to be the Founding Sponsors of the Economist/EIU Iraq Business Investment Summit, which took place on 29th September at the Ritz Carlton Hotel, Bahrain.
Delegates agreed that the variety of expert opinions at the conference provided a realistic context for the opportunities as well as the issues involved in investment and trading in Iraq.
It was thanks to the distinct backgrounds of people who attended, debated, asked questions and networked that the forum displayed such intellectual capital and stimulating discussion. Notwithstanding our delegates' varying inputs; we were unified in our interest in Iraq and in seeing the country develop and prosper.
We are grateful to the experts from The Economist Group who moderated the event, and to the top-level speakers from the Iraqi government and international business who generously gave their time to share their views with us. The conference allowed senior executives to take part in a critical discussion with their peers on Iraq's investment future, in which we at TBI believe so profoundly

Trade Bank of Iraq publishes its 2009 Annual Report

About TBI

Trade Bank of Iraq (TBI), wholly owned by the Government of Iraq, was established in July 2003 to facilitate Iraq's international trade and the reconstruction of the country after the expiration of the UN Oil-For-Food Programme.

The bank quickly developed into a highly credible and effective organization. In a short period of time, TBI built relationships with an international network of 134 prime banks - the Consortium banks being at its core - covering 63 cities in 39 countries. This gave TBI a truly global reach, a competitive advantage and the ability to provide a diverse range of services.

TBI started with a humble capital of USD 96.1 million in 2003. The paid up capital was increased to USD 427.35 million in 2008. The shareholders' equity increased to USD 1.5 billion as at the close of 2010.

An early success was signing agreements with 17 of the largest Export Credit Agencies around the world. Another was the fact that TBI was one of the first Iraqi banks to receive lines of credit from major international financial institutions.

TBI has a prudent credit policy in place, and among the many other 'firsts' the bank can claim is the introduction of Iraq's first fully automated online banking system, being the first Iraqi bank to issue VISA credit cards, and the development of the first nationwide network of ATMs in the country. Presently, we are having ____ ATMs across the country. TBI is also the most experienced Iraqi bank in the issuance of Letters of Credit and Letters of Guarantee.

TBI has been voted in 2007, 2008, 2009, & 2011 as best trade bank in the Middle East by Trade & Forfaiting Review Magazine, London and GTR has nominated TBI as the best bank in business continuity in 2010 after the bank was a target of terror attack and then it was able to return to normal working within in less than 2 working days. The Banker Magazine has nominated TBI on top 500 banks in the Middle East in August 2011. 

Building on its early success and continuing its endeavor to provide with the best financial products, TBI is introducing modern, innovative products and services to the Iraqi market. These include Salary Accounts, Saving Accounts, Current accounts, Term deposits, Payroll accounts, Credit Cards, Cash management, Term finance, Trade services, Trade finance, and Project finance.