TBI 25th Step towards Expansion
Press Release
Iraq – Baghdad
October 21ST, 2024
As part of its strategic plan for expansion and increased widely, Trade Bank of Iraq (TBI) has opened a new branch located at Al-Mansour-Karkh/Baghdad making the total number of branches spread across Baghdad and other provinces to 25. The branch will offer a variety of services to its customers, including individuals, government institutions, local private sector companies, and foreign instiutions operating in Iraq.
The official spokesperson for the bank, Ahmed Saad Al-Khazraji, stated, “The management of Trade Bank of Iraq, chaired by Mr. Bilal Sabah Hussain, President of the Bank and Chairman of the Board of Directors, is working to implement all the directives of the Prime Minister, Mr. Mohammed Shia’ Al-Sudani, in developing all banking services offered to customers and increasing the number of branches overall. This aims to provide better services and facilitate banking procedures to meet the public different needs.”
He added, “Trade Bank of Iraq is steadily and confidently advancing towards enhancing financial inclusion and supporting the Iraqi national economy by providing all financial and banking services contributing to supporting commercial operations. This, in turn, will facilitate the import of raw materials for various sectors, including industrial, food, and others, in addition to providing banking support for reconstruction efforts, infrastructure development, and various other sectors.”
TBI reaffirms its full commitment to enhancing financial transparency and implementing corporate governance standards for banks. It also strives to provide innovative financial solutions that meet the needs of its clients across various sectors. In addition, the bank is dedicated to promoting and supporting investment and trade in Iraq and backing developmental projects, contributing to economic stability and sustainable growth.
In implementation of Trade Bank of Iraq strategy to open new branches, the bank aims to expand its operations and ensures that its services reach all citizens in Baghdad and other provinces.
Trade Bank of Iraq (TBI) participated in sponsoring the Real Estate Investment Forum towards Digital Transformation. This forum was attended by government officials specialized in such field, in addition to private sector companies of the real estate and technological sectors to discuss analysis of how modern technology is used to improve real estate investment processes.
During the event, various dialogue sessions were held to present advanced models for smart cities that align with the current technological advancements worldwide, aiming to achieve the necessary sustainability improving the living conditions of Iraqi citizens in general. Additionally, the importance of adopting modern real estate marketing strategies and integrating them with the latest technological methods was emphasized, particularly in attracting investors from outside Iraq and overcoming the challenges facing this vital sector that supports the nation’s economy.
The Iraqi government significantly emphasized the digital transformation process, therefore Trade Bank of Iraq continually strives to keep up with the latest developments and technologies adopted in the banking and financial sector, implementing advanced digital banking systems that facilitate and simplify banking procedures, and saving time and effort for clients while meeting all their needs.
BREAST CANCER AWARENESS
Trade Bank of Iraq “TBI” held a breast cancer awareness seminar in cooperation with the Ministry of Health, Women’s Affairs Department, which was organized by TBI’s Women’s Empowerment Division for a number of female employees at TBI Head Office.
The seminar discussed on the importance of early diagnosis of cancer, emphasizing that early treatment is crucial in preventing the exacerbation of the disease, increases survival rates, and decreases mortality rates.
Thus, it is essential for women to be aware of the symptoms and causative factors associated with breast cancer and to seek medical care promptly. This is part of the action plan of the National Strategy for Iraqi Women (2023-2024), aiming to raise awareness about the importance of early breast cancer detection to receive better medication options.
In the name of Allah, the Most Gracious, the Most Merciful
(((‘who patiently persevere, who say, when afflicted with calamity: “To Allah We belong, and to Him is our return”))
It is with great sadness and sorrow, the President of Trade Bank of Iraq and the Chairman of the Board of Directors, Mr. Bilal Sabah Hussein, and members of the Board of Directors and all the bank employee express their deep Condolences on the death of TBI former Legal Counsel, Mr. Farid Hussein Al-Wakeel
May God Almighty Bless him with His Mercy, Dwell in His Vast Gardens, and Inspire his Family Patience and Solace.
To Allah We belong, and to Him is Our return.
Trade Bank of Iraq (TBI) took the initiative to rehabilitate the emergency room at Ibn Sina Hospital. The necessary civil works conducted thereto included the rehabilitation and renovation of all units and facilities, as well as the execution of electrical, mechanical, civil defense, fire-fighting, and medical gas pipeline systems.
TBI continues to increase its support for the healthcare and other sectors through various community initiatives, which contribute to raising the level of services provided to citizens and the community, while supporting the institutions of our country.
The Iraqi National Day
A cherished Memory for all Iraqi People
May Allah Keep our beloved Country Safe and Prosperous
In accordance with the directives of the Prime Minister, Mohammed Shia’ Al-Sudani, to launch a national campaign for planting and afforestation five million trees and palm trees in the streets, squares, and highways of Baghdad and all provinces.
Trade Bank of Iraq (TBI) assumed responsibility of afforesting one of Baghdad’s entrances (Baghdad-Diyala Highway), covering a distance of 9.5 km starting from AL Shaab district arch till Baghdad Gate in Al Hussainiyah district. The project includes preparation work, installation of a drip irrigation system, pumps, watering basins, and planting perennial trees.
This campaign is being carried out in coordination with the Baghdad Governorate, the Mayor of Al-Zahour district in AL Hussainiyah area, and the Government Communications Team of the Prime Minister’s Office. The activities will be implemented according to the planned strategies and programs, aiming to restore vegetation cover and plant vast areas with trees and greenery. Afforestation plays a significant role in reducing environmental pollution, combating climate change, and enhancing biodiversity, which reflects positively on the environment and the life of society.
Trade Bank of Iraq (TBI) participated in the Annual Arab Banking Conference held in Qatar under the motto “Sustainable Development Requirements and the Role of Banks,”. This conference was attended by an elite of banking, economic, and specialists’ experts across the Arab countries.
The Annual Arab Banking Conference 2024, organized by the Union of Arab Banks (UAB) in Qatar, was held under the motto “Sustainable Development Requirements and the Role of Banks.” The Governor of the Qatar Central Bank, Sheikh Bandar bin Mohammed bin Saoud Al Thani, inaugurated this conference, with the participation of a TBI delegation and audience.
The conference was attended by an elite of banking, economic, and financial sector experts from several participating Arab countries, alongside representatives of Arab banks and financial institutions from different countries. The event focused on discussing current financial and banking matters, exchanging ideas, and reviewing the latest trends in the banking sector and modern financial technology.
Organizing such event is important to discuss the role of sustainable development in maintaining balance among economic, social, and environmental growth and the vital role that banks play in financing renewable energy projects and supporting community-based programs which raise and improve all aspects of life and the environment, thus achieving economic feasibility that positively impacts development. TBI participation in such international conferences is a reinforcement of its solid financial role and an expansion of its diverse network of relationships with Arab banks not mentioning strengthening communication which positively reflects on its serious operational role.
Trade Bank of Iraq (TBI) participated in sponsoring the ” Electronic Payments contributing in Financial Stability in Iraq Conference”, which was held under the patronage of Prime Minister Mohammed Shia’ Al-Sudani and organized by the Iraqi Private Banks Association, in cooperation with the Central Bank of Iraq “CBI”.
The conference was attended by the Governor of the Central Bank of Iraq, Dr. Ali Mohsen Al-Alaq, Chairman of the Board of the Arab Monetary Fund, Dr. Fahd bin Mohammed Al-Turki, Chairman of the Parliamentary Finance Committee, Mr. Atwan Al-Atwani, the Prime Minister’s Financial Advisor, Dr. Mudher Mohammed Saleh, the Prime Minister’s Advisor on Banking Affairs, Dr. Saleh Mahood, and the Chairman of the Iraqi Private Banks League, Mr. Wadi’a Al-Handhal. The conference discussed several key topics, including the role of fiscal and monetary policies in supporting the banking sector and digital transformation, the financial sustainability roadmap project, and the environmental, social as well as governance standards guide for banks.
This conference was held as part of the efforts to implement the Iraqi government’s directives to promote the culture of electronic payments in Iraq, adopting the latest financial technologies and making them available for citizens through more advanced solutions and easy-to-use digital alternatives. Additionally, it emphasizes the adoption of modern electronic payment methods that facilitate financial transactions between banks and citizens, saving time and effort, enhancing trust between all parties involved, as well as mitigating risks associated with cash handling and avoid hoarding money at home or outside financial and banking institutions.
Construction, Reconstruction and Energy Exhibition
Trade Bank of Iraq (TBI) participated in the Construction, Reconstruction and Energy Exhibition which was held in Nineveh governorate as Iraqi Government directed to provide support and assistance to all exhibitions that contribute to the development and attribution of the construction and reconstruction process in the governorate.
The exhibition was attended by Dr.Ahmed Fakak Al-Badrani, Minister of Culture, Tourism and Antiquities; Dr. Hussein Lazim, General Manager of Central Bank of Iraq-Mosul branch, and Mr. Mokbel Al-Daabbagh, the President of the Nineveh Chamber of Commerce, in addition to other government figures and various private sector companies, along with a number of specialists as well as those interested in such field.
Our engagement aimed to directly communicate with companies and investors in Nineveh governorate, and to keep abreast of the market’s practical requirements of banking services that meet their requirements, thus serving the development and reconstruction processes in the governorate.
The exhibition featured several of government and private sector participation, as well as a number of foreign companies specialized in the construction, building and energy industry. It also combines professionals, experts and companies to share knowledge with each other, showcase the latest innovations, and review the developments in the field of construction technologies.
Trade Bank of Iraq (TBI) participated in the Hawler International Technology Exhibition HITEX 2024.
Trade Bank of Iraq (TBI) participated in 15th Hawler International Technology Exhibition (HITEX), which was held in Erbil, Kurdistan Region of Iraq, the exhibition was inaugurated by the Prime Minister of the Region, Mr. Masrour Barzani, with participation of a number of government officials, information and communication technology companies, public and private banks, electronic payment companies and other specialists in the field of technology as well as number of visitor and interested individuals
During the exhibition, which lasted for four days, many topics were discussed, including latest modern technologies in various technological fields, digital solutions offered for the financial sector, entrepreneurship, and artificial intelligence. This exhibition was attended by a number of visitor and interested individuals.
The participation of TBI reflects its commitment to adopting the latest technologies and enhancing its capabilities in financial technology and digital solutions, also provides an opportunity to meet specialized companies and individuals for build strategic partnerships, not mentioning direct communication with the public and clients to understand market needs, thereby improving and providing better services to the bank’s customers across Iraq.
In accordance with the directives of the Prime Minister to have all government institutions provide support and assistance for the Arbaeen pilgrimage, and under the supervision of Mr. Bilal Sabah Hussein, President of Trade Bank of Iraq “TBI’ and Chairman of the Board,
TBI donated to distribute more than 5,000 boxes of water to the Husseini processions in the holy city of Karbala during the Arbaeen anniversary of the martyrdom of Imam Hussein (peace be upon him).
We extend our deepest condolences to the Islamic nation on this great tragedy, as we always inspire lessons of sacrifice, devotion, and noble values from such eternal commemoration.
In collaboration with the Iraqi Chambers of Commerce Federation, Trade Bank of Iraq organized a training course on managing and securing the electronic platforms for a number of women entrepreneurs. The course aimed to enhance and empower women in the digital economy, a vital and significant field in the world of information technology. Participants were trained on adopting secure practices in managing these platforms to protect data, systems as well as personal and financial information against risks. This included efficiently managing and operating the electronic platforms to achieve goals and protect such systems against cyberattacks.
In accordance with the directives of the Prime Minister regarding the annual commemoration of the Yazidi genocide victims, Trade Bank of Iraq observed a moment of silence, at the bank’s headquarters, honoring the memory of all Iraqi martyrs.
Trade Bank of Iraq (TBI) participated as a sponsor of the DTI Youth Forum for Digital Transformation.
Trade Bank of Iraq Sponsors DTI Youth Digital Transformation Forum
Trade Bank of Iraq (TBI) sponsored the DTI Youth Digital Transformation Forum held at Baghdad International Fairgrounds, Baghdad. The event was attended by the Communications and Media Commission, high-ranking government officials, specialists and enthusiasts in the field, as well as a number of businesspeople and leading companies in information technology, cybersecurity, artificial intelligence, and other specialized technological fields.
Such events aims to promote the culture and importance of using modern technologies in various life and work sectors, particularly in the country’s infrastructure through the automatizing the government offices and upgrading computer systems as well as electronic payment methods.
These technologies contribute to simplifying and facilitating users’ operational procedures, not mentioning enhancing speed and accuracy in completing transactions. This aligns with the Iraqi government’s directions to adopt digital transformation in all institutional transactions, thus encouraging young people with the ability to innovate and create technological solutions that can be applied in various fields. These innovations have the potential to bring about significant advancements when implemented in practice.
We ensure that Trade Bank of Iraq is continuously committed to support such quality conferences contributing to delivering practical outcomes that benefit both the nation and citizens. Today, the entire world is moving towards digital progress, and we are determined to support such initiatives on an ongoing basis.
Based on the directives of the General Secretariat of the Council of Ministers in support of the drug control strategy developed by the Iraqi Ministry of Interior for the year 2023 to combat this phenomenon,
Trade Bank of Iraq organized an awareness-raising seminar on combating drug abuse in collaboration with the General Directorate for Drug Control and Psychotropic Substances / Public Relations and Media Department. This seminar is part of the national campaign to educate and raise awareness about the dangers of using these harmful substances, promote healthy behaviors, and guide individuals and youth to exercise utmost caution against this devastating issue due to its health and social damages and violations of regulations and laws.
Trade Bank of Iraq aims to support the Iraqi government’s efforts in this area by providing all necessary efforts through media, awareness, and educational campaigns that contribute to reducing and limiting the spread of this issue and building a healthy and safe community.
The Trade Bank of Iraq (TBI) participated in sponsoring the annual Spring Conference organized by the Iraq Britain Business Council (IBBC), held in the United Kingdom. The conference aimed to discuss the trajectory of economic and trade relations, expand cooperation horizons, and enhance partnerships among institutions of both countries.
The conference was attended by Iraq’s Deputy Prime Minister for Energy Affairs and Minister of Oil, Mr. Hayan Abdul Ghani, along with Dr. Abdul Karim Al-Faisal, Head of the Advisory Board at the Prime Minister’s Office, senior staff from the Iraqi Embassy in the UK, and other Iraqi government officials. The event also witnessed the participation of Iraqi businesspersons and private sector companies. On behalf of the IBBC, Baroness Emma Nicholson, Chair of the Iraq Britain Business Council, her deputy Lord Green, Managing Director Christophe Michels, and other prominent British economic figures welcomed the delegation.
The conference was held at Mansion House in London under the theme “Visions and Opportunities” to explore avenues for collaboration between companies, financial institutions, and businesses, and to exchange expertise across various fields. The bank’s delegation participated in a series of meetings with several British economic and financial institutions to discuss international cooperation, aligning with the bank’s strategy to strengthen its global position by forming strong partnerships with reputable international financial institutions. The conference also addressed a range of topics, including energy, climate change, technology, financial investments, and transportation.
Mr. Taisir Jawad Al-Haeri, the bank’s Northern Region representative, participated in the financial and banking panel discussion, explaining the bank’s operational mechanism to the attending companies interested in entering the Iraqi market to meet all the financial and banking service needs.
Trade Bank of Iraq is always keen on maintaining communication, participation, and sponsorship of such important international conferences contributing to the development and support of economic, commercial and financial sectors in Iraq.
Trade Bank of Iraq participates and sponsors TEDx Baghdad Women conference.
Trade Bank of Iraq Sponsors TEDx Baghdad Women
In its ongoing commitment to supporting community activities that contribute to the development of various sectors, Trade Bank of Iraq (TBI) sponsored TEDx Baghdad Women conference, which was held for the fourth time in Baghdad.
This event aims to support and empower women, encouraging them to present their ideas and diverse projects, while highlighting the creative output of Iraqi women in innovation and decision-making. The conference also seeks to offer women the opportunity to play a leading role in Iraqi society.
During the conference, participating Iraqi women presented a variety of ideas and projects. These projects spanned fields such as engineering, technology, environmental science, agriculture, geology, economics, arts, sports, entrepreneurship, and more. The goal is to enhance women’s capabilities and increase their participation in various aspects of life.
In line with the National Strategy for Iraqi Women launched by the General Secretariat of the Council of Ministers for the years 2023-2024.
Trade Bank of Iraq (TBI) held a training course on computer programs for a number of female students to train them and enhance their practical skills to play their active role in the public or private sectors and various fields in the Iraqi labor market.
This initiative by the bank supports the role of women and aims to empower Iraqi women, overcome the obstacles they face, and showcase their practical capabilities to ensure they secure their professional and societal roles freely and without discrimination in the future.
As part of the Trade Bank of Iraq’s effective role towards the community and in support of the “Riyada” initiative launched by Prime Minister Mr. Mohammed Shia’ Al-Sudani,
TBI has rehabilitated the Riyada Hall at Madinat Al-Ilm Industrial High School, located in Baghdad, Madinat Al-Sadr. This initiative aims to support students and graduates by investing in youth skills and contributing to their preparation for the business market.
Trade Bank of Iraq (TBI) calls on all mass media to exercise the utmost caution in publishing or circulating any false, incorrect, or unverified news or information, especially those sourced from unknown entities or specific parties that do not have the authority to disclose any news or information related to TBI.
Trade Bank of Iraq represents the economic front of Iraq and always strives to maintain the leading role it has achieved since its establishment to this day, to remain a pillar of the national economy and a bright face of Iraq both locally and internationally. Any negative publications against the bank are considered an attack on the national economy, aiming to harm and destabilize the country’s financial and economic stability.
Therefore, the bank reserves its right to take all legal measures against anyone who attempts to publish information that could damage the bank’s reputation and to prosecute any party that tries to weaken our national economy. We hope for the cooperation and necessary support from everyone to preserve our country’s economy and work together for the public good.
We urge all journalistic and media institutions and electronic social media platforms to be accurate and credible in publishing any information and to verify the authenticity of what is published. Please obtain information and news about our bank through the official websites of the Trade Bank of Iraq as listed below:
1- Official website of the bank:
2- Official Facebook page:
https://www.facebook.com/tbiraq/
3- Official Instagram page:
https://www.instagram.com/tbi_iraq/
4- Official X platform page:
Trade Bank of Iraq is the Sponsor of the Iraqi Telecom Summit Conference
Trade Bank of Iraq (TBI) proudly participated as sponsor in the Iraqi Telecom Summit conference held in Baghdad at the Babylon Rotana Hotel on 2024, this event was attended by Minister of Communications, Mrs. Hiam Al-Yasiri, and the Prime Minister’s Advisor, Dr. Hassan Al-Khatib and a number of other specialists and interested parties.
During this summit, issues related to the development of Iraq’s telecommunications and technology sector in general were discussed, highlighting key transformations and future technologies, and emphasis on the development of telecommunications infrastructure and improving Internet services in line with developed countries.
TBI’s participation as a golden sponsor of the summit aims to support this sector with its development plans to develop the communications and Internet sector, as these sectors represent an essential pillar for supporting government services provided to citizens, and this is achieved by providing better services and a higher speed in completing work, saving time and efforts and keeping up with global technological development in these sectors.
As part of the Trade Bank of Iraq’s effective role towards the community and in support of the “Riyada” initiative launched by Prime Minister Mr. Mohammed Shia’ Al-Sudani,
The Bank has rehabilitated the Riyada Hall at Umm Al-Tabool Vocational High School, located in Baghdad, Hay Al-Aamil district. This initiative aims to support students and graduates by investing in youth skills and contributing to their preparation for the job market.
Eid al-Adha Mubarak!
May Allah bring joy, peace, happiness and prosperity to everyone.
Trade Bank of Iraq participates in the annual forum of compliance managers in the Arab Republic of Egypt
Trade Bank of Iraq (TBI) participated in the annual forum for compliance managers in Arab banks as part of the activities of the Union of Arab Banks, held in the city of Sharm El-Sheikh in the Arab Republic of Egypt for the period from June 6 till 8, 2024.
The forum was organized under the patronage of the Governor of the Central Bank of Egypt, Mr. Hassan Abdullah, and attended by an elite group of Arab banking sector leaders. The forum sessions addressed a number of critical issues related to banking compliance and its role in enhancing financial stability and economic growth in the Arab region.
During their participation in the aforementioned event, the delegation from TBI emphasized the importance of regional cooperation in the field of banking compliance, combating money laundering and terrorist financing, as well as the exchange of experiences and knowledge among Arab banks, which contributes to the development of this vital sector.
The participation of TBI in this forum comes within the framework of its practical commitment to keeping up with the latest developments in the field of banking compliance and to enhancing its role in supporting the Iraqi economy.
As part of the Trade Bank of Iraq’s effective role towards the community and in support of the “Riyada” initiative launched by Prime Minister Mr. Mohammed Shia’ Al-Sudani,
TBI has rehabilitated the Riyada Hall at Al-Sumood Commercial High School in Baghdad, Kadhimiya district. This initiative aims to support students and graduates by investing in youth skills and contributing to their preparation for the business market.
Prime Minister Mr. Mohammed Shia’ Al-Sudani sponsors the signing of a cooperation agreement between Trade Bank of Iraq (TBI) and the German Export Credit Agency, to finance private sector development projects within the framework of the governmental sovereign guarantees initiative.
Prime Minister Mohammed S. Al-Sudani inaugurated today, Wednesday, the second specialized workshop to support the private industrial construction sector. During the workshop, a cooperation agreement was signed between the Trade Bank of Iraq (TBI) and the German Export Credit Agency to finance private sector development projects under the government’s sovereign guarantees initiative. Additionally, an authorization letter was signed to finance the construction of glass manufacturing plant in Najaf province with 110 million euros, between TBI and German banks Commerzbank and AKA Bank.
Trade Bank of Iraq is the Golden Sponsor of the Governance, Risk Management and Compliance Forum
Trade Bank of Iraq (TBI) proudly participated as a gold sponsor in the Governance, Risk Management, and Compliance (GRC) Forum, held at the Babylon Rotana Hotel on May 28, 2024. This event plays a significant role in spreading banking culture on these vital topics, the event was attended by representatives of the Presidency of the Council of Ministers, the Central Bank of Iraq, and other private sector banks.
The focus on governance policy, which include processes, policies, management, and the application of laws governing the institution, aims to ensure its effective, transparent, and reliable operation. Compliance serves as the monitor of the implementation of these laws and policies, ensuring their execution according to the specified standards, thus improving resource utilization and enhancing trust. Risk management’s role is to identify and assess potential impacts on the institution’s ability to achieve its objectives, analyze expected risks, and develop proactive strategies to address them. All these processes align with the government’s program and the Iraqi government’s reform agenda.
TBI management’s commitment to participating in such specialized forums and conferences highlights their practical and specialized approach to developing financial and banking institutions, contributing to the growth of the financial and economic sector.
As part of TBI efforts to meet citizens’ needs to enhance public health, with the support of the Central Bank of Iraq in coordination and cooperation with Trade Bank of Iraq (TBI),
We are pleased to announce that we are providing facilities for the healthcare and pharmaceutical sectors by simplifying external remittance procedures for scientific bureaus. We are also supporting the importation of medicines, medical devices, and medical supplies used in hospitals and all health facilities.
Starting Sunday, May 19, 2024, you are welcome to visit us at our headquarter building located in Baghdad, Al-Rasheed Street, Building No. (11).
Trade Bank of Iraq clarifies regarding the Salary Domiciliation for Iraq Kurdistan Region Employees
Press Release
Iraq – Baghdad
May 14, 2024
Due to numerous inquiries that we received about the mechanism for the salary domiciliation for the Iraq Kurdistan region employees in Trade Bank of Iraq.
We affirm our commitment to the decision of the Federal Supreme Court regarding the salary domiciliation for the Iraq Kurdistan region employees, which stipulates the domiciliation of the salaries of employees of Kurdistan with federal government banks operating outside Kurdistan, as the participation of TBI shall be within the government banks based on the decision of the Federal Supreme Court regarding the domiciliation of the salaries of employees of the Iraq Kurdistan Region.
We would also like to confirm that Trade Bank of Iraq (TBI) has the high and solid practical ability to complete the process of domiciliation the salaries of employees of the Kurdistan who wish to choose our bank among the government banks participating in the process of domiciliation the salaries to serve our people in the Kurdistan Region, and that the bank is still waiting for the Iraq Kurdistan Regional Government to send lists of names. The employees whose salaries will be domiciled with their supporting documents attached, so that the implementation of the salary domiciliation process can begin and proceed.
Al-Iraqiya News Channel Report on the Signing of a Memorandum of Cooperation Between the Trade Bank of Iraq (TBI) and the Japan International Cooperation Agency (JICA).
Trade Bank Iraq Participates in Salary Domicile Process for Kurdistan Region Employees
Press Release
Iraq – Baghdad
May 8, 2024
In compliance with the decisions of the Federal Supreme Court and in accordance with the directives of the esteemed Prime Minister, Mr. Mohammed Shia’ Al-Sudani, regarding the participation of the Trade Bank of Iraq (TBI) in the salary domicile process for the employees of the Kurdistan Regional Government in Iraq.
A dedicated delegation from TBI, led by the Manager of TBI’s Erbil branch, met with a specialized delegation from Kurdistan Regional Government in Erbil. The meeting aimed to discuss the process of domiciling the salaries of regional employees within the bank, discussions covered the requirements for opening accounts, issuing cards, and deploying ATM machines throughout the region, ensuring convenient cash withdrawal for employees.
TBI’s delegation clarified to the corresponding delegation that the Salary Domicile Process represents the utmost importance to the Prime Minister, Mr. Mohammed Shia’ Al-Sudani, and is being directly and personally monitored due to the significant interest it holds for the people in the Kurdistan Region of Iraq.
In conclusion, TBI delegation expressed its full readiness to provide salary domicile services and to issue electronic cards to government sector employees in the Kurdistan Region of Iraq. The bank awaits the employee’s lists submission, along with the supporting documents, from the regional government. This will allow TBI to promptly initiate and carry out the salary domicile process.
Trade Bank of Iraq (TBI).
Video / Under the patronage of the Prime Minister, Trade Bank of Iraq Bank (TBI) signs a memorandum of cooperation with the Japan International Cooperation Agency (JICA).
Under the patronage of the Prime Minister, Mr. Mohammed Shia’ Al-Sudani, Trade Bank of Iraq Bank (TBI) signs a memorandum of cooperation with the Japan International Cooperation Agency (JICA).
Signing a Memorandum of Cooperation Between Trade Bank of Iraq and Japan International Cooperation Agency
Under the sponsorship of Prime Minister Mohammed S. Al-Sudani, a memorandum of cooperation was signed today between the Trade Bank of Iraq (TBI) and the Japan International Cooperation Agency (JICA). The ceremony was attended by the Deputy Prime Minister/ Minister of Planning, Mr. Mohammed Tamim, and the Prime Minister`s Expert Advisor, Chairman of the Special Committee for Sovereign Guarantees, Mr. Mohammed Al-Darraji.
This memorandum of cooperation is part of the government`s initiative to provide sovereign guarantees to the private sector, aligned with the 2023 Federal Budget Law and the Cabinet Resolution No. (23404) of 2023. It involves JICA financing private sector projects in Iraq to establish factories aimed at nationalizing the pharmaceutical, construction, chemical, petrochemical, energy, and agricultural and food industries.
The memorandum of cooperation supports the government`s program to promote and localize strategic industries in line with Prime Minister Al-Sudani`s directives. An initial amount of $200 million will be provided to finance significant projects that serve the Iraqi citizens and the Iraqi economy, reducing external imports and foreign currency transfers.
The goal is to elevate Iraqi companies to international standards by opening up to global financing banks and ensuring quality control through agreements with major industrial nations.
Video/ Iraqi Prime Minister Mr. Mohammed Shia Al-Sudani presided over a meeting to follow up the TBI’s operations.
The Prime Minister Mr. Mohammed Shia’ Al-Sudani presided over a meeting to follow up on the work of the Trade Bank of Iraq (TBI), emphasizing the bank’s significant role in supporting and boosting the Iraqi economy. The government is committed on developing TBI’s operations and addressing the challenges and obstacles, which encounters.
Prime Minister Mohammed S. Al-Sudani Chairs Meeting to Review Trade Bank of Iraq (TBI) Operations
Prime Minister Mohammed S. Al-Sudani presided over a meeting today, Sunday, to discuss and evaluate the operations of the Trade Bank of Iraq (TBI) and its contributions to financing and economic development in Iraq. The meeting was attended by the Minister of Finance, the Governor of the Central Bank of Iraq, the General Manager of the Trade Bank of Iraq, and several Prime Minister advisors.
During the meeting, the Prime Minister highlighted the crucial role of TBI in supporting both government institutions and the private sector. He emphasized the government`s commitment to enhancing the bank`s operations and addressing any challenges it faces.
A roadmap was endorsed at the meeting to enable TBI to efficiently manage and recover non-performing loans in a flexible and fair manner. This strategy is aimed at elevating the operations of the Trade Bank of Iraq to higher standards, aligning with government programs to develop bank credit and advance the sector, ensuring sustained growth and progress in Iraq`s economy.
Sending our appreciation and respect to the workers of every field. Happy Labor Day, may your may day blossom like a mayflower.
Eid Mubarak, wishing you and your loved ones a blessed Eid!
Trade Bank of Iraq (TBI) is proud to be the official sponsor of Akito Festival, the annual historical celebration commemorating the Babylonian and Assyrian New Year.
Trade Bank of Iraq (TBI) sponsors the Akito Festival, the annual historical celebration of the occasion the Babylonian and Assyrian New Year held in Duhok.
Thousands of Assyrian Christians attend this festival; this carnival represents the Spring Festival in ancient Mesopotamia. The festival, commemorating the 6774th anniversary of this ancient civilization, begin from the first of April for a period of twelve days.
TBI is keen to sponsoring such festivals as part of our efforts to showcase and deliver all our services to customers, aiming to demonstrate our progress and development towards betterment and reaching all segments of Iraqi society.
Trade Bank of Iraq (TBI) continues its humanitarian campaigns by donating food baskets to the Association of the Deaf in honor of the holy month of Ramadan.
TBI held a campaign to donate Ramadan food baskets to the Deaf and Dumb Association on the occasion of the holy month of Ramadan. This humanitarian initiative comes in line with the bank’s role in supporting various segments of society.
The Bank seeks to stimulate the role of social solidarity among Iraqi institutions and to sustain charity efforts to contribute to the continuous support and alleviation of the burden on the poor and those with special needs.
TBI stresses that it continues to launch its community initiatives in pursuit of our humanitarian duty, which requires us to reach out to all community groups and provide support and sustain to them.
The decision of Iraqi Council of Ministers to pay TBI its dues.
Trade Bank of Iraq donates to the Association of Iraqi Visual Artists, as part of its support for art and culture in Iraq and to lend a helping hand to all Iraqi institutions, while maintaining ongoing communication between the bank and various segments of Iraqi society.
Trade Bank of Iraq donates to the Association of Iraqi Visual Artists
Trade Bank of Iraq has taken the initiative to donate and support the efforts of the Association of Iraqi Visual Artists with a sum of (10,000,000 IQD) Ten Million Iraqi Dinars, reflecting the TBI’s interest to support and promote art and culture in Iraq.
This donation comes as part of the bank’s ongoing plan to donate and support various social groups, stemming from its social responsibility to lend a helping hand to all community sectors according to TBI’s available capacity.
TBI continues its social initiatives as part of its plan for the year 2024, aligning with the bank’s management aspirations to continuously donate and provide support to various segments of society.
May you remain a symbol of generosity and a beacon of humanity… Wishing all our mothers a thousand blessings every year.
Happy Nowruz to all our Iraqi people.
Trade Bank of Iraq, in collaboration with the Ministry of Interior, Department of Media and Relations, Community Police Division, organized an awareness seminar titled “Protecting Families and Strengthening their Bonds” on the occasion of the International Human Rights Day. The aim was to educate and raise societal awareness to prevent and reduce violence against families, thereby enhancing family cohesion, stability, and protection from violence, exploitation, and abuse. Therefore, it is incumbent upon all of us to prevent instances of violence, reject all unhealthy practices towards society and families, and uphold the authentic traditions, customs, and established Iraqi values.
Trade Bank of Iraq (TBI) participated in the 8th edition of the Iraq Finance Expo, alongside the Central Bank of Iraq, several government and private banks, and electronic payment companies, in addition to other specialized firms.
This expo aims to showcase the services offered by these institutions to customers, as well as to enhance partnerships between various sectors and explore the latest solutions and innovations in the field of financial and banking services. The goal is to develop and elevate the quality of services provided to the public, which will contribute in advancing the banking and economic aspects while strengthening the government’s role in promoting the use of modern electronic payment tools.
Ramadan Kareem
Wishing you a blessed Ramadan filled with goodness, peace, and prosperity.
Breathing life, making the world a better place
You are the seeds of life
Happy Women’s Day
In accordance with the directives of the Prime Minister, Mr. Mohammed Shia’ Al-Sudani, to postpone loan installments for all employees on the occasion of the blessed month of Ramadan,
Trade Bank of Iraq (TBI) announces the postponement of loan installments for all borrowing employees for one month only during the holy month, with repayment deferred until after the end of Ramadan. Wishing you a blessed Ramadan filled with peace and goodness.
The Iraqi News Channel report on the inauguration of the TBI’s branch in Nineveh Governorate.
28 We Reached…As We Shall More Increase
Press Release
Baghdad, Iraq
December 8, 2024
As part of its expansion strategy under the guidance of the Prime Minister, Mr. Mohammed Shia Al-Sudani, to strengthen the banking sector and enhance its services in support of the national economy, Trade Bank of Iraq “TBI” inaugurated its new branch in Al-Muthanna Governorate. With this opening, the bank network now totals 28 branches covering all regions of Iraq, meeting the needs of citizens and businesses across various sectors.
TBI official spokesperson, Ahmed Saad Al-Khazraji, stated: “The bank’s management, represented by Mr. Bilal Sabah Hussein, President and Chairman of the Board, is consistently working on enhancing banking services, expanding the branch network, and improving the quality of services to align with public needs and contribute to economic growth, thus better serve the citizens.”
The bank reaffirms its steadfast commitment to implementing the highest standards of corporate governance and enhancing financial transparency, thereby fostering a secure investment environment. Additionally, the bank continues its efforts to provide advanced banking solutions that stimulate investment and support trade, ultimately reinforcing economic stability and contributing to the achievement of sustainable development goals in Iraq.
