Industrial Bank of Iraq

Welcome to the Industrial Bank of Iraq (IND-Bank), a cornerstone of the national economy and the primary financial engine for Iraq's industrial sector. With a legacy dating back nearly a century, we are a specialized government bank dedicated to transforming Iraq from an importer into a producer. Established originally in 1935 (as the Agricultural Industrial Bank) and becoming an independent entity in 1946, we have spent decades empowering factory owners, entrepreneurs, and investors to build the infrastructure that drives our nation forward.
Who We Are
The Industrial Bank is a state-owned financial institution headquartered in Al-Khulani Square, Baghdad, with a unique mandate: to develop the Iraqi private and mixed industrial sectors. Unlike effective commercial banks, our primary mission is development. We provide the capital and expertise needed to establish factories, expand production lines, and modernize local industry.
We are currently undergoing a major strategic transformation, adopting comprehensive banking systems and digital payment solutions to align with the Central Bank of Iraq's vision for a modern financial sector.
Our Leadership
Mr. Bilal Sabah Hussein
General Manager & Chairman of the Board
Under the leadership of Mr. Bilal Sabah Hussein, the Industrial Bank has accelerated its support for the "Made in Iraq" initiative. The bank’s management is focused on simplifying lending procedures for industrialists, activating digital banking services, and ensuring full compliance with international Anti-Money Laundering (AML) standards to facilitate secure global trade for our clients.
Our Mission & Vision
Our Vision
To be the preferred financial partner for the industrial sector, fostering a diverse and sustainable national economy that reduces reliance on oil imports.
Our Mission
Support Industry: To provide specialized soft loans and credit facilities for establishing and expanding industrial projects.
Modernize: To transition industrial banking into the digital age with electronic payments, online banking, and automated services.
Partner: To work alongside the Ministry of Industry and Minerals and the private sector to revive stalled factories and launch new strategic ventures.
Our Services
We offer specialized financial products tailored to the needs of the industrial sector:
Industrial Loans: Long-term and medium-term financing for purchasing machinery, raw materials, and constructing factory buildings.
Trade Finance: Issuance of Letters of Credit (LCs) and Letters of Guarantee (LGs) to help Iraqi manufacturers import essential equipment from abroad.
Banking Services: Current accounts, savings deposits, and electronic payment services for companies and individuals.
Advisory: Feasibility studies and financial consulting for new industrial startups.
Network & Reach
Headquartered in Baghdad (Al-Sinak/Al-Khulani), we operate a network of branches strategically located in Iraq's industrial and commercial hubs:
Baghdad: Main Branch, Bab Al-Muadham, Al-Zaafranya, Beirut Square.
Provinces: Basra, Najaf, Karbala, Mosul, Babil, and more.