TBI NAMED ‘SAFEST BANK IN IRAQ 2022’ BY GLOBAL FINANCE
TBI NAMED ‘SAFEST BANK IN IRAQ 2022’ BY GLOBAL FINANCE
Baghdad, October 04, 2022: Trade Bank of Iraq (TBI) has been named “Safest Bank in Iraq” by Global Finance magazine in as part of its 31st annual ranking of the World’s Safest Banks. This choice was made among 110 countries and regions for 2022.
In recent years, while the world was facing a series of disturbances and instability, the international financial institutions managed to maintain their strength so that the Global Finance rating is the recognized and reliable standard for financial soundness by evaluating the long-term credit ratings of foreign currencies based on international rating agencies such as Moody’s, Standard & Poor (S&P), and Fitch; as well as considering the total assets of the largest 1000 banks around the world which resulted to choose Trade Bank of Iraq as the safest bank in Iraq.
Commenting on the award, Salem Chalabi, Chairman and President of Trade Bank of Iraq, said: “Our bank is always seeking to expand its business locally and internationally and strengthen relations to provide trade finance solutions for its customers in order to meet the requirements of trade flow between Iraq and the rest of the world. TBI is a proactive institution all the time in continuing to increase and develop its business. And as reward for showing a distinguish kind of care to meet the needs of its customers, achieve the best banking results, and its effort to lay the foundations for more future success, TBI was rewarded this rank which positively reflected on the economy of Iraq.
About Trade Bank of Iraq (TBI)
The Trade Bank of Iraq was established in 2003 and is the top commercial bank in the country. The bank holds approximately 80% of the trade finance business in Iraq and ranked 1 Globally in Capital Adequacy and 332 globally in terms of Tier 1 capital. It has established 23 branches across Iraq, offering a wide range of banking services to all customers including companies, individuals and government institutions to widen its customer base and expand into new markets.
