Trade Bank of Iraq (TBI)

Welcome to the Trade Bank of Iraq (TBI), the nation’s premier financial institution and the trusted global gateway to the Iraqi economy. Established on July 17, 2003, as an independent government entity licensed by the Central Bank of Iraq (CBI), TBI was founded with a vital national mandate: to facilitate Iraq’s international trade and drive the reconstruction of the country’s financial infrastructure following the end of the UN Oil-for-Food program. For over two decades, we have evolved from a specialized trade finance bank into a universal banking powerhouse, playing a pivotal role in Iraq’s economic recovery and development.
Our Leadership & Strategic Vision
Mr. Bilal Sabah Hussein Hamoudi
President & Chairman of the Board of Directors
Under the strategic leadership of Mr. Bilal Sabah Hussein Hamoudi, the Trade Bank of Iraq is executing a forward-thinking roadmap aligned with the Central Bank of Iraq’s Third Strategic Plan (2024–2026). Our strategy focuses on three core pillars: digital transformation, financial inclusion, and international expansion. We are committed to modernizing Iraq’s banking sector by adopting cutting-edge financial technologies, enhancing corporate governance, and fostering a robust private sector through strategic lending and project finance.
Financial Strength & Market Position
TBI is widely recognized as the Safest Bank in Iraq and the Best Capitalized Bank, boasting a paid-up capital exceeding $3 billion USD (approx. 4 Trillion IQD). With a massive asset base and a dominant market share in trade finance, we are the backbone of Iraq’s import and export activities. Our financial stability allows us to finance large-scale infrastructure projects, including major initiatives in energy, construction, and industry, often in partnership with global development agencies like JICA.
Our Services
We offer a comprehensive suite of banking solutions tailored to meet the diverse needs of our clients:
Trade Finance: We are the undisputed leader in issuing Letters of Credit (LCs) and Letters of Guarantee (LGs), facilitating billions of dollars in trade annually for government ministries and private corporations.
Corporate Banking: From project financing to working capital loans, we empower Iraqi businesses to compete on a global scale.
Retail & Digital Banking: We are revolutionizing the customer experience with our secure mobile banking app, online services, and a growing network of ATMs and POS terminals. We are actively driving the "My Account" (Tawteen) initiative to digitize salary payments and promote electronic payments across the Kurdistan Region and federal Iraq.
International Transfers: As the most connected bank in Iraq, we provide fast and reliable cross-border payments through our extensive correspondent network.
Global Reach & Local Presence
Headquartered on Al-Rasheed Street in Baghdad, TBI operates a rapidly expanding network of 28 branches covering every major governorate in Iraq, including recent expansions in Al-Mansour and Al-Muthanna.
Beyond Iraq, we are the only Iraqi trade bank with a significant international footprint, designed to serve as a bridge for foreign investment:
Riyadh, Saudi Arabia: A fully operational branch strengthening economic ties with the GCC.
Abu Dhabi, UAE: A representative office serving as a hub for regional trade and investment.
Global Network: We maintain trusted correspondent banking relationships with over 400 international financial institutions in more than 60 countries, ensuring that our clients can do business anywhere in the world with confidence.