TBI is one of the first Iraqi banks to receive lines of credit from major international financial institutions despite the security situation and the absence of a credit rating for Iraq. Other key achievements include:

1. Modernizing the banking environment

• First bank to automate its banking operations
• Issued the first Visa International credit card
• Introduced Automated Teller Machines (ATMs)
• Investing in capacity building

2. Supporting the private sector

• First bank in Iraq to conduct ‘business sharing’ of public sector Letters of Credit (L/Cs) with private sector banks
• Extending its services to private sector corporations in their trade finance needs as well as project financing

3. Leadership and Development

• TBI is UCP 600 compliant
• Sponsoring Documentary Credit Training in cooperation with JPMorgan Chase
• Providing continuous training for its team

4. Expanding its branch network:

• TBI now has six branches

5. Developing a large correspondent network with 134 prime banks

Awards

2005     Deals of the year 2005; by Trade and Forfaiting Review
2007     Voted Best Trade Bank in the Middle East; by Trade & Forfaiting Review's readers in this year's awards.