Al-Mansour Bank For Investment

What Al-Mansour Bank For Investment does

Al-Mansour Bank For Investment (MBI) is a privately held Iraqi commercial bank headquartered in Baghdad that provides corporate banking, retail banking, trade finance, remittance, and electronic banking services to businesses, individuals, and SMEs across Iraq. The bank operates 8 physical branches covering Baghdad (Main/Karrada, Al-Karkh, Mansour), Basrah, Karbala, Najaf, Hillah, Erbil, and Sulaymaniyah, supplemented by an ATM network and the eMBI online banking platform for 24/7 account access. It is 54%-owned by Qatar National Bank Group, the largest financial institution in the Middle East and Africa, which underpins its governance, brand association, and cross-border remittance and trade capabilities.

MBI generates revenue through a conventional banking model built on net interest income and transaction fees. The deposit franchise includes current accounts, salary domiciliation accounts, savings accounts, and fixed time deposits guaranteed by the Iraqi Company for Deposit Insurance (ICDI). Lending products span personal loans against salary transfer (up to IQD 75 million, 5-year tenor), housing loans (up to IQD 300 million, 10-year tenor), the Salaf salary-overdraft facility, and corporate facilities including overdrafts, commercial loans, letters of credit, letters of guarantee, and trade financing. Card revenue comes from a four-tier Mastercard credit card portfolio (Silver through Platinum, USD 500-10,000 limits) plus debit cards, while fee revenue is generated from SWIFT international transfers (executed at a disclosed 1310-1320 IQD/USD reference rate), Western Union remittances, and Central Bank of Iraq-settled local transfers.

The bank's go-to-market spans enterprise relationship management across at least eight sectors (oil and gas, trade, healthcare, construction and engineering, retail, telecom and technology, automotive, and services), retail individual banking, and SME financing. Distribution combines direct branch sales, a call center (dial 6551), the eMBI self-serve platform, and partner-driven channels including Mastercard, Western Union, and SWIFT. The bank is regulated by the Central Bank of Iraq and publishes quarterly and annual reports for 2021-2025, though specific revenue, profit, and headcount figures are not publicly disclosed.

Name

Al-Mansour Bank For Investment

Legal name

Al-Mansour Bank For Investment

Website

https://www.mbi.iq

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Al-Mansour Bank For Investment is a private Iraqi commercial bank, 54%-owned by Qatar National Bank Group, offering corporate banking, retail banking, trade finance, remittances, and digital banking through 8 branches across Iraq.

Ownership category

akta.pro rank

Headquarters

HQ city

Baghdad

HQ country

Iraq

HQ region

Middle East

Offices9 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Loans: The bank generates revenue primarily through interest income from various loan products including personal loans, housing loans, commercial loans, overdraft facilities, and trade financing facilities.
2. Deposits and Current Accounts: Revenue generated through deposit accounts including current accounts, savings accounts, and fixed time deposit accounts with competitive interest rates.
3. Card Services: Revenue from credit card issuance with interest rates on outstanding balances, annual fees, and transaction fees on debit and credit card usage.
4. Remittance Services: Revenue from local transfers, Western Union services, and international SWIFT transfers.
5. Corporate Banking Services: Trade finance services including letters of credit, letters of guarantee, bills for collection, and commercial facilities.

Pricing tiers

Distribution channels5 records

Marketing channels4 records

Core offering

Al-Mansour Bank For Investment (MBI) is a privately held Iraqi commercial bank that provides deposit accounts, personal and housing loans, Mastercard-branded debit and credit cards, corporate financing (overdrafts, commercial loans, letters of credit and guarantee, trade finance), and remittance services through local transfers, Western Union, and SWIFT. The bank distributes these services via 8 branches across Iraq, an ATM network, the eMBI online and mobile banking platform, and a call center.

Product overview

Al-Mansour Bank For Investment (MBI) is a subsidiary of Qatar National Bank Group offering a comprehensive suite of banking products and services in Iraq. The bank operates with 8 branches across key business hubs and provides services through both physical locations and digital channels via its eMBI electronic banking platform. Corporate Banking serves commercial clients with financing solutions including letters of credit, guarantees, and trade finance across multiple sectors. Retail Banking offers deposit accounts (Current, Salary Domiciliation, Savings, and Fixed Time Deposits), personal and housing loans, and Mastercard-branded debit and credit cards (Silver, Gold, Titanium, Platinum tiers). Remittance services include local transfers via the Central Bank of Iraq, Western Union international transfers, and SWIFT international bank transfers. The bank also operates a Banking Awareness Department focused on financial literacy and customer protection.

Differentiator

Problem solved

Functional benefit

Brands

• eMBI: Electronic banking platform allowing safe and immediate access around the clock to accounts and funds. Features include monitoring and managing all types of accounts, fast settlements, domestic and cross-border transfers, online cheque book ordering, and branch address information.
• MBI Mastercard Credit Card
• Salaf

Products and services

• Corporate Banking

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Partnerships

Four partnerships are on record, tiered core.

• Western UnioncoreChannel Partner/ Reseller/ DistributorWestern Union international money transfer services are offered at bank branches, allowing customers to send and receive money globally in foreign currency.
• MastercardcoreTechnology or IntegrationMastercard is the card network partner providing debit and credit card services including Silver, Gold, Titanium, and Platinum credit cards with various limits and benefits.
• SWIFT (Society for Worldwide Interbank Financial Telecommunication)coreTechnology or IntegrationSWIFT network is used for executing foreign/international bank transfers to and from Iraq and other countries.
• Iraqi Company for Deposit Insurance (ICDI)coreOthersFixed time deposits are guaranteed by the Iraqi Company for Deposit Insurance (ICDI), regulated by and operating under the Central Bank of Iraq, providing deposit protection for customers.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Trade Bank of Iraq (TBI): Iraq's largest state-owned bank by assets, offering corporate banking, trade finance, letters of credit, and treasury services across Iraq. Directly comparable to MBI's corporate and trade finance franchise, with a much larger balance sheet and government-linked customer base.
• Bank of Baghdad: One of Iraq's largest private commercial banks, offering retail deposits, personal and corporate lending, trade finance, and remittance services. Competes directly with MBI in the Iraqi retail and SME banking segments across multiple cities.
• National Bank of Iraq: Major Iraqi private bank with a multi-city branch network, providing corporate lending, working capital finance, deposits, and trade services. Head-to-head competitor for MBI's mid-market corporate and high-net-worth retail clients.
• Iraqi Islamic Bank: One of Iraq's oldest Islamic banks, providing Sharia-compliant retail, corporate, and trade finance products. Operates a similar multi-city branch footprint and competes with MBI for the same Iraqi corporate and retail customers, particularly those seeking Islamic finance products.
• Al Baraka Bank Iraq: Iraqi subsidiary of Bahrain-based Al Baraka Banking Group, offering Islamic retail, corporate, and investment banking services. Comparable to MBI in scope (retail + corporate + trade) but differentiated by an Islamic finance proposition.
• Credit Bank of Iraq: Iraqi state-owned commercial bank providing deposit, lending, and trade finance services with a national footprint. Competes directly with MBI for corporate customers and government salary accounts in Iraq.
• Middle East Bank (Iraq): Privately-owned Iraqi commercial bank offering retail deposits, SME and corporate lending, and trade finance. Similar branch-and-digital model to MBI, serving overlapping customer segments in the same Iraqi cities.

Regional players

• Byblos Bank (Iraq operations): Lebanon-headquartered bank with established Iraqi operations offering retail and corporate banking. Comparable international-bank-in-Iraq model that brings foreign capital and correspondent banking relationships, similar to how MBI leverages QNB Group.
• BLOM Bank (Iraq operations): Lebanese banking group with a presence in Iraq, providing corporate and retail banking services. Operates as an international bank in Iraq, comparable to MBI's positioning as a QNB-affiliated international franchise in the Iraqi market.

Broad incumbents

• QNB Group (Qatar National Bank): Parent of Al-Mansour Bank with 54% ownership, the largest financial institution in the Middle East and Africa. Anchors MBI's brand, governance, and correspondent banking; provides the strategic umbrella and capital base under which MBI operates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/almansourbank
• LinkedInlinkedin.com/company/almansourbank

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 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 Al-Mansour Bank For Investment