International Development Bank

What International Development Bank does

International Development Bank (IDB) is a private, full-service commercial bank headquartered in Baghdad, Iraq, founded in 2011 and operating branches across Iraq alongside a regional office in Dubai, United Arab Emirates. The bank serves two principal customer segments: retail individuals (accounts, bank and Visa cards, loans, remittance, billing and collection, SMS, mobile and internet banking, prepaid agent, international transfer, and POS) and corporate clients (short-term financing, cash and liquidity management, medium- and long-term loans, trade finance, treasury and financial advisory, and investment and custodian services).

Its core technology stack centers on an Omni Channel integrated digital banking platform comprising a corporate web portal, an individual web portal, and a mobile banking application, supported by an in-house ATM network and POS terminals. Distribution is multi-channel, combining a physical branch and leading-office network across Iraq and the UAE with self-serve digital channels and direct-relationship corporate coverage.

IDB generates revenue primarily through transaction-fee-based streams including interest income from retail and corporate lending, trade finance fees (letters of credit, guarantees, import/export financing), investment banking fees (treasury, custodian, advisory), retail banking fees (remittance, billing, SMS, POS), and capital markets revenue from bonds, loans, and sukuk products. The bank differentiates itself as the first private Iraqi bank operating in the UAE, enabling cross-border banking and capital markets activity between Iraq and Gulf markets, and has invested in compliance training partnerships with the Central Bank of Iraq, the Institute for Financial Integrity, and K2 Integrity to align with international financial-crime standards.

Name

International Development Bank

Legal name

International Development Bank

Website

https://idb.iq

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

International Development Bank is a private Iraqi commercial bank founded in 2011, offering retail, corporate, and investment banking services across Iraq and the UAE through branches, digital platforms, and capital markets products.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (52211)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Policy Banks (Government-Directed Lending Banks) (FSABAKAM)

akta.pro secondary industries

Municipal/Local Government Development Banks (FSABAKAI), Export Credit Agencies (ECAs) & Official Export Finance (FSABAKAC)

Keywords

• Commercial banking services
• Retail banking
• Corporate banking
• Trade finance services
• Investment banking

Headquarters

HQ city

Baghdad

HQ country

Iraq

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income: Revenue generated from lending activities including short-term financing, medium- and long-term loans to corporate clients and retail customers
2. Trade Finance Services: Fees from trade finance operations including letters of credit, guarantees, and import/export financing
3. Investment Banking Services: Revenue from treasury services, custodian services, and investment advisory services
4. Retail Banking Fees: Transaction fees from remittance services, billing and collection, SMS services, and POS transactions
5. Capital Markets Products: Revenue from bonds, loans, and other financial instruments in capital markets operations

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

International Development Bank is a full-service commercial bank offering retail banking services (accounts, bank cards, Visa cards, loans, remittances, billing & collection), corporate banking services (short-term financing, medium- and long-term loans, cash and liquidity management, trade finance, treasury and financial advisory), and investment banking services (treasury, investment, custodian). Operations are delivered through physical branches across Iraq and the UAE complemented by digital channels including mobile banking, online banking, and an Omni Channel platform.

Product overview

International Development Bank is a full-service commercial bank operating across the Middle East since 2011, offering a unified platform of retail and corporate banking services. The core product portfolio includes Retail Banking Services (accounts, cards, loans, remittance, billing), Corporate Banking Services (short-term financing, cash management, medium/long-term loans, trade finance), and Investment Banking (treasury, custodian services). Digital service offerings include Mobile Banking, Online Banking, and the Omni Channel integrated platform. The bank serves individual and corporate customers through physical branches in Iraq and UAE, supported by digital channels.

Differentiator

Problem solved

Functional benefit

Products and services

• Retail Banking Services Full suite of retail banking services for individual customers including accounts, bank cards, Visa cards, loans, remittance services, billing and collection, salary domiciliation, and utility payment services.
• Corporate Banking Services Comprehensive corporate banking solutions for businesses including short-term financing, cash and liquidity management, medium- and long-term loans, and trade finance services.
• Investment Banking Investment banking services for institutional clients including treasury services, investment services, and custodian services for safeguarding securities and assets.
• Mobile Banking Smartphone-based banking application that enables customers to manage accounts and execute transactions such as transfers and balance inquiries on mobile devices.
• Online Banking Web-based banking platform providing account management and transaction capabilities through the Omni Channel corporate web portal and the Omni Web Portal for individuals.
• Treasury Services Treasury and financial advisory services for corporate clients to manage liquidity, optimize cash positions, and execute financial operations.
• Trade Finance Services Trade finance solutions facilitating international trade transactions for corporate clients, including letters of credit, guarantees, and import/export financing.
• Custodian Services Custodian services for safeguarding securities and assets on behalf of institutional investors.
• POS Services Point of Sale services enabling merchants to accept electronic card payments from customers via IDB's POS terminal network.
• International Transfer Cross-border money transfer and remittance services for retail and corporate customers, leveraging IDB's correspondent bank relationships.
• Capital Markets Products Capital markets solutions including bonds, loans, sukuk, and other innovative financial instruments offered to diverse enterprises in the region, including bond issuances, loan syndications, and sukuk products.
• Omni Channel Corporate Web Portal Integrated digital banking platform providing unified access across multiple channels for corporate customers to manage accounts, treasury services, and corporate banking needs.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• Institute for Financial Integrity (IFI)coreImplementation/ SI/ Consulting Partner · 29 October 2025Expanded partnership to strengthen compliance training in Iraq. Includes a core program developed with the Central Bank of Iraq and K2 Integrity, as well as customized training for senior leadership. Initiative aims to improve financial crime mitigation and align with international standards, supporting Iraq's financial modernization efforts.
• Central Bank of Iraq (CBI)coreImplementation/ SI/ Consulting Partner · 29 October 2025Collaborated with Central Bank of Iraq on core compliance training program development for financial crime mitigation, as part of the partnership expansion with Institute for Financial Integrity and K2 Integrity.
• K2 IntegritycoreImplementation/ SI/ Consulting Partner · 29 October 2025Partnered with K2 Integrity alongside Institute for Financial Integrity to develop core compliance training program for the Central Bank of Iraq, aimed at improving financial crime mitigation and international standards alignment.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Bank of Baghdad: One of Iraq's largest private commercial banks, offering retail, corporate, and trade finance products through a domestic branch network. Directly comparable to IDB as a private Iraqi full-service commercial bank competing for the same retail and corporate wallet.
• National Bank of Iraq: Major Iraqi commercial bank providing retail deposits, corporate lending, and trade finance to Iraqi businesses and individuals. Comparable to IDB in product mix and target segments within the Iraqi market.
• Trade Bank of Iraq: Iraqi state-owned bank focused on trade finance, letters of credit, and corporate banking. Comparable to IDB's trade finance and corporate services, and a key competitor for Iraq-related trade flows that IDB is targeting from its UAE base.
• Commercial Bank of Iraq: State-owned Iraqi commercial bank offering retail and corporate banking services. A direct competitor to IDB in the domestic Iraqi market with overlapping product sets across deposits, lending, and trade finance.

Regional players

• Mashreq Bank: UAE-headquartered bank with strong corporate, treasury, and trade finance franchises, operating across the Middle East. Comparable to IDB's UAE operations and corporate/trade finance positioning, though Mashreq operates primarily outside Iraq.
• Gulf Bank (Kuwait): Kuwaiti commercial bank offering retail, corporate, and treasury services with regional ambitions. Comparable to IDB in full-service commercial banking product set, though operating in a different Gulf market.
• Bank Audi: Lebanese-headquartered full-service bank with retail, corporate, and investment banking offerings across the Middle East. Comparable to IDB as a regional full-service commercial bank with cross-border presence.
• Byblos Bank: Lebanese commercial bank with retail, corporate, and trade finance operations in the Middle East. Comparable to IDB as a regional commercial bank offering trade-linked products and treasury services.

Broad incumbents

• Emirates NBD: One of the largest banking groups in the UAE, offering retail, corporate, investment, and Islamic banking. A broad incumbent that competes with IDB in the UAE market and serves regional corporates active in Iraq, though IDB's Iraq franchise is its differentiator.
• Qatar National Bank (QNB): Middle East and Africa's largest bank by assets, with extensive regional and international branch presence including the UAE. A broad incumbent operating across retail, corporate, and investment banking that overlaps with IDB's UAE offerings and competes for regional corporate and institutional clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/IDB_Iraq
• Facebookfacebook.com/idbiraq

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about International Development Bank