International Development Bank Expands Its Presence with the Opening of a New Branch in Duhok to Better Serve Its Clients and Strengthen Its Banking Operations

The International Development Bank (IDB), one of Iraq’s leading private banks and a pioneer in providing integrated banking and financial solutions, has announced the opening of its new branch in Duhok Governorate. This expansion comes as part of the bank’s strategic growth plan to enhance its presence across Iraq and to serve a broader base of individual, corporate, and business clients.

The new branch, located on Newroz Street near Werar School, represents a valuable addition to the bank’s growing network. It offers a comprehensive range of banking services, including account and deposit opening, card issuance, money transfer services, and loan facilities, along with a suite of advanced digital banking services that enable customers to manage their transactions with ease, security, and convenience.

The Duhok branch is the fourth branch in the Kurdistan Region, alongside two branches in Erbil and one in Sulaymaniyah, and it marks the 34th branch within the IDB’s network across Iraq and the United Arab Emirates.

On this occasion, Mr. Saad Faek, Managing Director of the International Development Bank, stated:

“The opening of our new branch in Duhok aligns with our vision to expand our geographical reach and deliver a modern and reliable banking experience that meets the expectations of our customers. We remain committed to developing innovative financial solutions that support the ambitions of individuals and businesses, while contributing to economic growth in the Kurdistan Region and Iraq as a whole.”

The launch of this new branch is part of the bank’s comprehensive strategic plan aimed at reinforcing its position as a leading institution in the Iraqi and regional banking sector by integrating traditional banking services with advanced digital technologies to provide genuine and sustainable value to its clients.