Investment Bank Of Iraq

What Investment Bank Of Iraq does

Investment Bank of Iraq (IBI) is a privately held Iraqi commercial bank founded in 1993 and headquartered in Baghdad, operating 13 branches across Iraq including the Kurdistan region, the south, and central governorates. The bank serves three primary customer segments: individual retail customers (personal loans up to IQD 60 million, current/savings/deposit accounts, salary localization), SMEs (loans up to IQD 35 million for agricultural and commercial projects), and corporate/enterprise clients (working capital financing, medium- and long-term loans, letters of credit, bank guarantees, and international trade services). Its product set is delivered through an ICSFS core banking platform, an IBI-Mobile application on Google Play, an online cash management portal, an SMS banking service, and a nationwide ATM network, with all deposits insured by the Iraqi Deposit Insurance Company.

IBI earns revenue principally through net interest income on personal, SME, and corporate loans (rates starting at 5.9%), supplemented by transaction and service fees (loan origination, account services, international transfers), commission income on trade finance instruments, and recurring fee streams on deposits and account services. Pricing is published transparently: personal loans at a fixed 5.9% with up to 6-year repayment, SME loans at 5.9% with a 1-month grace period, and savings interest at 4% on minimum balance paid semi-annually. The go-to-market combines enterprise field sales through branches for corporate and trade finance, direct-to-consumer digital channels for retail, and relationship-based selling tied to salary localization for government and private-sector employees.

The bank is regulated by the Central Bank of Iraq (License No. 5/942/3/10) and incorporated under Certificate No. M.Sh/5236, with a stated capital base of IQD 300 billion and cumulative mega-project financing of IQD 414 billion. It employs 150+ staff and is led by Chairman Hussein Saleh Sharif and Director Authorized Hadil Taha Najim, with an 8-person Board of Directors. No external parent, institutional investor, or M&A activity is disclosed in the source material.

Name

Investment Bank Of Iraq

Legal name

Investment Bank of Iraq

Website

https://ibi-bankiraq.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

51–100 employees

Short description

Investment Bank of Iraq is a privately held full-service commercial bank founded in 1993, operating 13 branches across Iraq and serving retail customers, SMEs, corporates, and government salary-domiciled employees through deposits, lending, trade finance, and mobile and online banking.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221), Commercial Banking (52211)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Islamic SME & Commercial Banking (FSABAGAB)

akta.pro secondary industries

Islamic Corporate Banking (FSABAGAC), Islamic Transaction Banking (Cash Management & Treasury Services) (FSABAGAF), Islamic Investment Banking & Capital Markets Services (FSABAGAG)

Keywords

• Commercial banking services
• Corporate banking services
• Retail banking services
• Trade finance services
• SME loan financing

Headquarters

HQ city

Bagdad

HQ country

Iraq

HQ region

Middle East

Offices12 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: The bank earns interest income from providing various types of loans including personal loans, SME loans, working capital financing, and medium/long-term corporate loans. Interest rates start from 5.9% for personal loans and vary based on loan term and credit policy.
2. Loan Origination Fees: Processing fees and service charges associated with loan origination and credit facilities.
3. Banking Transaction Fees: Fees charged for various banking transactions including account services, international transfers, and other banking operations as documented in the bank's published fee schedule.
4. Account Services: Revenue from current accounts, savings accounts, deposit accounts, and related banking services including SMS alerts, checkbooks, and debit cards.
5. International Trade Services: Commission income from letters of credit, bank guarantees, and international trade financing services for corporate clients.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels4 records

Core offering

Investment Bank Of Iraq is a full-service commercial bank that provides current/checking, savings, and deposit accounts; personal, SME, short-term working capital, and medium/long-term corporate loans; international trade services (letters of credit and guarantees); salary localization; and digital banking channels (mobile app, online cash management, ATM, SMS) to individual, SME, and corporate clients across Iraq. The bank operates 13 branches nationwide under the regulation of the Central Bank of Iraq.

Product overview

Investment Bank Of Iraq operates as a full-service commercial bank offering an integrated suite of products through 13 branches across Iraq. The core banking offerings include current accounts (checking), savings accounts, and deposit accounts serving both individual and corporate customers. The lending portfolio covers personal loans, SME loans, short-term financing, medium and long-term loans, and international trade services. Digital banking capabilities include mobile banking (IBI app available on Google Play), online cash management, SMS alerts, and a nationwide ATM network. Corporate services encompass payroll localization, working capital financing, and structured project finance. The bank primarily serves government sector employees (with salary domiciliation) and SMEs, while maintaining compliance with Central Bank of Iraq regulations.

Differentiator

Problem solved

Functional benefit

Products and services

• Current Account (Checking Account) A daily-transaction account offering salary settlement, checkbook issuance, free ATM withdrawals, SMS alerts, mobile and online banking, and international transfers. Available in Iraqi dinars, US dollars, or euros, and can be opened for multiple individuals as a joint account. Targeted at individual customers and government sector employees with salary domiciliation.
• Savings Account A savings account offering competitive returns with flexible access to funds. Available as personal, joint, or electronic account. Supports multiple international currencies with interest rate of 4% calculated on minimum balance and paid semi-annually.
• Deposit Account (Fixed-Term) A fixed-term deposit account for investing funds with guaranteed returns. Offers flexible investment periods with fixed interest rates and deposits insured by the Iraqi Deposit Insurance Company.
• Personal Loan Personal financing solution with loan amounts ranging from IQD 21-60 million, fixed interest rate starting from 5.9%, and repayment period up to 6 years. Available to government sector employees with salary domiciled at the bank.
• SME Loan (Small and Medium Enterprise Financing) Small and medium enterprise financing with loan ceiling up to IQD 35 million, repayment period up to 6 years with 1-month grace period, and interest rate starting from 5.9%. Available for agricultural and commercial projects.
• Short-Term Financing (Working Capital) Short-term financing solutions covering daily operational needs including working capital financing, overdraft facilities, and inventory/purchases financing with rapid processing for credit requests. Targeted at corporate and enterprise clients.
• Medium and Long-Term Loans Strategic sustainable financing designed for projects requiring extended timelines, enabling companies to multiply production capacity and invest in assets and infrastructure development. Targeted at corporate and enterprise clients.
• International Trade Services Comprehensive banking solutions supporting import and export operations including letters of credit, international guarantees, and structured financing with global network support. Targeted at corporate clients engaged in international trade.
• IBI Mobile Banking Mobile banking application providing instant control of finances, account management, and digital transactions accessible anywhere. Available on Google Play Store; built on the ICSFS banking platform.
• Online Cash Management Electronic cash management services enabling businesses to control finances from anywhere, including payment authorization, transaction processing, fund monitoring, and reporting capabilities. Targeted at corporate and enterprise clients.
• Salary Localization / Payroll Services Payroll solutions enabling immediate salary deposits, flexible withdrawals, and priority access to loans and credit facilities. Supports government employee salary domiciliation.
• ATM Services 24-hour ATM network providing free cash withdrawals, enabling customers to access liquidity anytime with extensive branch and ATM coverage across Iraq.
• SMS Banking Alerts Real-time SMS notifications for account activity, providing 24-hour alerts on account transactions for enhanced security and peace of mind.
• Checkbook Services Checkbook issuance service designed with world-class security standards, providing flexibility and reliability in managing daily financial payments.

Quantifiable outcome

• Financing of 414 billion IQD provided for mega projects across various sectors
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators6 records

Recent moves4 records

Expansion highlights5 records

Regional players

• Bank of Palestine: Palestinian private commercial bank with regional MENA presence offering retail, SME, and corporate banking. Comparable as a regional private-bank peer operating in a similarly challenging macro context.
• Bank of Jordan: Jordanian private commercial bank with retail, corporate, and trade-finance services. Comparable as a MENA private commercial bank of similar scale and product mix.

Direct peers

• Gulf Commercial Bank: Iraqi Kurdistan-based private commercial bank offering retail and corporate services. Comparable as a regional Iraqi private bank with similar deposit-taking and lending products.
• Bank of Baghdad: One of Iraq's largest private commercial banks offering retail, corporate, and Islamic banking services across multiple branches. Closely comparable in product mix, segment coverage, and Iraqi private-bank positioning.
• National Bank of Iraq: Private Iraqi commercial bank providing retail deposits, lending, and trade finance. Comparable in scale, segment mix, and corporate/retail product offering.
• Trade Bank of Iraq: Iraqi commercial bank specializing in trade finance and letters of credit with nationwide branch coverage. Directly comparable to IBI's corporate, SME, and international trade services business lines.
• Iraq Middle Bank: Iraqi private commercial bank offering retail and corporate banking products. Directly comparable as a similarly sized Iraqi private bank competing for the same SME, retail, and salary-domesticated segments.
• Commercial Bank of Iraq: Iraqi private commercial bank providing personal, SME, and corporate banking services. Comparable in product breadth and private-bank competitive positioning within Iraq.

Broad incumbents

• Arab Bank: One of the largest MENA commercial banks with extensive branch networks and trade-finance capabilities. Comparable at the broad-incumbent level given overlapping trade-finance and corporate-banking products, though operating at materially greater scale.
• Al Rafidain Bank: Largest Iraqi state-owned commercial bank with dominant public-sector payroll and trade-finance franchises. Overlaps IBI's product lines but operates at much greater scale and with state backing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/ibibank

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Investment Bank Of Iraq