WEB:https://www.tbi.com.iq/
Phone: +97126711453
Iraq

Description

Trade Bank of Iraq (TBI) was established in July 2003 to facilitate Iraq's domestic and international trade dealings after the expiration of the UN Oil-for-Food program. It was established with a paid0up capital of USD 100 million and by the year end 2017 the bank’s capital has grown to USD 2.3 billion. TBI is wholly owned by the Ministry of Finance and is licensed by the Central Bank of Iraq as a Government Financial Institution.

The President of the Bank is appointed by the Prime Minister, and The Board members of Finance, Oil and Trade as well as representatives from the Prime Minister's Office.

The bank is one of the country's most profitable and best capitalized financial institutions. It provides banking services from its head office in Baghdad and through a network of 25 branches.

TBI's primary line of business is trade finance to facilitate Iraq's foreign trade activities. Since inception and in-line with TBI's growth strategy, trade finance services were expanded to include private sector companies in addition to the public sector / Governmental entities. This is in line with TBI's growing importance as a specialized financial institution with expertise in trade.

In April 2019, TBI's Saudi branch operations started in Riyad, Saudi Arabia after it opened a representative office at Abu Dhabi Global Market, Abu Dhabi, UAE in December 2017.

In 2018, TBI's Finastra core banking, and the Fusion Trade systems have been upgraded. Also, added an automated Suspicious Activity Monitor, and Watch List modules which were integrated with our core banking system Moreover, and the introduction of internet banking which is working in progress.

At the end of 2018, TBI has obtained a credit rating from Fitch for short term B, long term B-, with stable outlook. TBI is the first Iraq, whether public or private, earns a rating from a well-known international credit rating agency.

TBI participates in many international conventions such as the IMF yearly meeting, and Trade Finance and other banking conferences regionally.