iq ئیمارات(یرنشینەکەان)
ku
دەوڵەتەکە هەڵبژێرە

About the bank

The International Development Bank for Investment and Finance (IDB) is a commercial bank that offers a comprehensive range of banking services to corporate and retail clients in Iraq.
Established in 2011, specializes in trade finance and aims to become a leading trade bank in the EMEA region. The majority stake (67.75%) of the bank is owned by the Al Khalaf Family of Iraq, with the remaining stake publicly listed in Iraq.
IDB is proud to have recently obtained a license from the Central Bank of UAE to operate a wholesale bank onshore in the UAE, making it the first bank from Iraq to do so.
With the largest banking network in Iraq, consisting of over 450 ATM machines and 12,000 selling points, IDB operates 29 branches and employs over 900 staff members located throughout all governorates of Iraq.
The bank has invested heavily in technology infrastructure, providing leading electronic banking services in Iraq. IDB has received compliance certification for Payment Card Industry Data Security Standard version 3.2.1 and is the first Iraqi bank with an “Issuing and Acquiring” license from Mastercard and Visa. The bank is an acceptable banking partner for all government entities of Iraq.
IDB is also among the approved banks for Dhaman Insurance and IFC›s Global Trade Finance Program (GTFP)

Our growth journey

  • Business segments

    Business Segments contribution to the bank›s total income
    IDB›s business is comprised of four main segments.
    Retail (Contribution to the bank›s total income: 14.54%): Mainly dedicated to overseeing the deposits of individual customers, providing consumer loans, overdrafts, credit card facilities, and funds transfer services. These services are exclusive to IDB Iraq, as the UAE branch operates solely as a wholesale bank branch and does not offer retail or consumer banking services in the UAE.
    Corporate (Contribution to the bank›s total income: 74.77%): Mainly engaged in Trade Finance, managing loans, credit facilities, deposit accounts, and current accounts for corporate and institutional customers.
    SME & other (Contribution to the bank›s total income: 8.81%): Focuses on providing financial products and services to the needs of small and medium-sized businesses and primarily involved in obtaining funds from various sectors.
    Treasury (Contribution to the bank›s total income: 0.81%): Mainly involved in providing money market and foreign currency exchange services to customers
  • Business segments

  • Products & services

    • Investment Banking
    • Retail Banking
    • Treasury Services
    • Current Accounts
    • Investment Services
    • Personal Loans
    • Custodian Services
    • Billing Collection
    • Corporate Banking
    • Remittances
    • Trade Finance
    • Online Cash Management
    • Loans & Credits
    • Internet Banking
    • Commercial Services
    • Mobile Banking
    • SME Financing
    • ATM
    • Cash Management & Payroll
    • Call Center
  • Products & services

Financial Overview

Total assets
1,021,503
1,213,979
1,819,479
2,375,879
Deposits
626,418
796,264
1,158,949
1,275,704
Loans
406,357
572,667
758,002
772,864
Net Profits
6,645
9,787
31,282
45,794
Operating Income
32,265
44,173
87,442
67,931
Shareholder`s Equity
199,087
208,874
264,073
350,888
Loans To Desposits Ratio
65%
72%
65%
61%
CAR (as defined Basel III)
33%
30%
26%
33%
Tier 1 ratio
32%
29%
25%
22%
Cost To income
62%
59%
39%
30%
Impaired Loans (NPL)
4%
3%
3%
3%
ROAE
3.39%
4.80%
15.32%
32.11%
ROAA
0.76%
0.88%
2.47%
4.90%

*FY    Full Year     Audited

*HY   Half Year Unaudited

    • IDB Dubai

      IDB, the first and only Iraqi bank licensed to operate onshore by the Central Bank of UAE, aims to serve as a vital link between the UAE and Iraq. It endeavors to act as a key financial channel to drive significant growth in bilateral trade and investment between the two countries. This includes:



      • Strengthening and ensuring the continuity of trade cooperation between the two countries.
      • Encouraging increased investments between both UAE and Iraq across sectors including construction, tourism, agriculture, banking and finance.
      • Transferring the UAE`s unique experience to Iraq and implementing best practices to enhance reliability.
    • IDB Dubai