Mr. Faisal Al Haimus, President & Chairman of TBI, visited the Head Office’s new building and Al-Tahrir branch, which are located at Baghdad – Al Rasheed street, to keep up with the latest developments of the building so it can be ready for the opening ceremony at mid- June.
Mr. Faisal Al Haimus expressed his happiness about the opening of TBI new building saying that it is good to see such a beautiful building embracing the Bank staff and it is something we proudly add to the many achievements of our Bank.
“In the near future, we shall be opening a new TBI branch at Adhamiya area –Omar Bin Abdul Aziz street, whose building we acquired time ago, and the work will be under way very soon by God willing,” added Mr. Faisal Al-Haimus.
In support of Iraq economy and in order to boost the Iraqi State Treasury, Mr. Faisal Al-Haimus, President & Chairman of TBI declared that the External Audit of the Bank’s financial statements 2018 was finished and 50% of net profit 2018 (e.g. IQD 106,445,010,000/ one hundred and six billion and four hundred and fifty-five million and ten thousand Iraqi dinars), were transferred to the Iraqi State Treasury
Mr. Faisal Al-Haimus added that TBI is following a steady path towards developing its businesses and strengthening the bank position inside and outside Iraq, the thig that will increase the financial business provided by it thus increase profits. Starting from that principle, all TBI members are working hard and giving their best in continuously boost the Iraqi State Treasury so as to support the Government and comply with directives of the Prime Minister, Dr. Adel Abdul Mahdi, who directed the governmental institutions to maximize national production of all sectors thus gaining a positive impact upon the country.
Under the directives of TBI President and Chairman, Mr. Faisal Al-Haimus, and as we always care about Culture and Arts, not mentioning that artists are one of the most important features of the Iraqi culture, the Bank granted a financial support to the Iraqi Artists Association. The support was delivered to Mr. Jabbar Jodi, the association Head, by Mr. Fouad Al-wakeel, TBI Vice President. Mr. Joudi expressed his appreciation and gratitude to the bank management wishing more advancement for our Bank in all its future endeavors.
This is one of the Bank management’s many initiatives in supporting different fields of Art, sport and literature believing that it would essentially raise the culture to the highest standards of our beloved Iraq.
By directives of Mr. Faisal Al Haimus, President and Chairman of TBI, Trade Bank of Iraq started its Ramadan Tournament of different games, which was supervised the Bank Vice President, Mr. Saif Waleed, for its employees at the begging of Holy Month of Ramadan.
“Such activities are very important to strengthen the relationship and cooperation among the Bank employees’’ said Mr. Faisal Al-Haimus.
It is worth mentioning that this Tournament is held for the third year among the Bank employees from different department and branches.
Trade Bank of Iraq holds an Iftar banquet for the Bank figures and customers.
Trade Bank of Iraq held an Iftar banquet for its special customers and Governmental figures, which were represented by Consultants of the Three presidencies, some members of the Iraqi Parliament and number of Deputy Ministers, personalities and directors of Government departments as well as some members of Baghdad Governor’s Council and Ambassadors and Diplomatic Representatives of some foreign countries Embassies in Iraq.
the President and Chairman of TBI, Mr. Faisal Al- Haimus, along with the Bank Vice Presidents as well as Departments Heads, Branch Managers in Baghdad and number of the Bank employees welcomed their guests warmly.
Mr. Faisal Al- Haimus expressed his gratitude to all those who responded to the bank’s invitation adding that such events are held to discuss the provision of best Banking services and potentials for both Privet and Governmental sectors.
This initiative is in continuance with proceeding to develop the relationship between the Bank and its customers and Government Figures t to open practical prospects for the Iraqi economy.
Al Ekhbariya Saudi Channel report regarding the opening of Trade Bank of Iraq its new Branch at Kingdom of Saudi Arabia.
Winners of TESTAHEL 2nd draw/Season Three 2019 have received their prize of One million IQD, for each.
Check photos for more details:
TBI deeply thank all its 100,000 followers on Facebook …With you we always reach for the Better
Al Ekhbariya Saudi Channel covers the opening of Trade Bank of Iraq its new Branch at Kingdom of Saudi Arabia.
Trade Bank of Iraq attended the Sardar Commercial Agencies celebration of placing the cornerstone of Jaguar Land Rover Agency Branch investment project at Baghdad- Al Mansur on last Saturday 04/05/2019, by an official invitation. Our Bank was represented by Mr. Fouad Al-Wakil, Deputy of Trade Bank of Iraq, Mrs. Yusur Hazim, TBI Vice President and Mr. Ahmed Al Khazraji, Head of TBI Public Relation and Media. The Bank representatives congratulated the Company’s Senior Management on behalf of the esteemed President of TBI expressing that Trade Bank of Iraq is a continues supporter for all investment project in Iraq that contribute in boosting the Commercial sector in Country.
As the crescent moon is sighted
the President of Trade Bank of Iraq, along with the Bank employees and Board of Directors, wishing you a very blessed Ramadan
Ramadan Mubarak
In order to achieve sustainable development and regarding the financial inclusion week for the period 25 – 30 April 2019, Trade Bank of Iraq was presence at:
- Creative Development School.
- College of Administration and Economics – University of Baghdad.
- Al Mutanabi Street
- Baghdad Mall
- Alalawya Club
- Basra Times Square Mall
- Iraqi University.
- Nahrain University
- Al Turath University Collage
- Iraqi Hunting Club.
So as to introduce different citizens to all services provided by the Bank and in cooperation with the Central Bank of Iraq and the Iraqi Private Banks League
Watch “TESTAHEL” Second draw/Season Three provided to you by Trade Bank of Iraq (TBI).
News
Iraq – Baghdad
4th May 2019
Trade Bank of Iraq is very pleased to congratulate Mr. Abbas Mohamed Sahn Al Nasrawi for winning IQD 10,000,000 in TESTAHEL Second monthly draw/Season Three.
The Bank also congratulate the other winners, each one has received IQD 1,000,000 million, and they are:
Mr. Hashem Muslim Salman –TBI Basra branch
Mr. Ali Hussein Hamza –TBI Nasiriyah Branch
Mr. Essam Karim Kzaar – TBI Al Masbah Branch
Mr. Ahmed Karim Jarallah –TBI Hilla branch
Ms. Zahraa Said Nema –TBI Al Masbah branch
Mr. Ali Karim Lafta –TBI Meesan Oil Company branch
Mr. Ali Karim Lafta –TBI Meesan Oil Company branch
Ms. Lina Shehab Hussein -TBI Nasiriyah branch
Mr. Delshad Abdullah Ibrahim – Majidi Mall Erbil Branch
The Second monthly draw/Season Three was held on Saturday 4th May 2019 at the Head Quarter Office in Baghdad. The event was attended by Mr. Waleed Edi, a CBI councilor, Mr. Fouad Al-Wakeel, TBI Vice President along with Mrs. Yusir Hazim and number of TESTAHEL investors.
It is worth mentioning that “TESTAHEL” is one of the new products issued by Trade Bank of Iraq and has the approval of the Central Bank of Iraq. Any citizen can participate in it by depositing IQD 500,000 thousand in one of TBI branches to get a chance to win prizes through monthly draws, quarterly draws, one semi-annual and one annual draw in accordance with the previously mentioned conditions.
TBI President along with the bank Board of Directors and employees warmly congratulate all Workers in the occasion of International Worker’s Day, May 2019
The President of Trade Bank of Iraq, Mr. Faisal Al-Haimus, visited the esteemed Governor of Central Bank of Iraq, Dr. Ali Al-Alaq, to express his and all TBI staff & Board of Directors deep congratulations to the esteemed Governor for being elected as Deputy Chairman of AMF Board of Governors.
In complying with our motto (THE JOURNEY CONTINUES) the Head Office at Al Mansour – Baghdad will be moved to its new and unique-designed building at Al Rasheed Street-Baghdad. The process is likely to commence at the earlier of June 2019.
And we shall unveil other buildings of TBI branches by the end of 2019
Trade Bank of Iraq opens its first external Branch at Riyadh – Kingdom of Saudi Arabia, Abraj Al Tawuniya – Al-Olya District – King Fahad Road and it is also the first Iraqi Trade Finance Bank at Kingdom of Saudi Arabia. The Branch seeks to expand business relations between both Financial & Banking sectors thus supporting investment between the two countries.
The Iraqi people Congratulate Trade Bank of Iraq on the occasion of opening its branch in Riyadh – Kingdom of Saudi Arabia
Trade Bank of IRAQ will participate in the Financial Inclusion Week during the period 25-30 April 2019 and we will be participants in all events from children’s schools, the universities and commercial centers in cooperation with the Central Bank of Iraq and Iraqi Private Banks League in our pursuit to support the objectives of achieving financial inclusion.
IRAQI DEPUTY PRIME MINISTER AND TBI LAUNCH FIRST IRAQI BANK BRANCH IN SAUDI ARABIA
- Trade Bank Iraq’s (TBI) branch in Al-‘Olayya District is the bank’s first branch outside of Iraq
- 100% Iraq Government-owned trade finance bank will be the first Iraqi bank in KSA
- The branch will allow TBI to improve relationships with KSA’s banking and finance sectors and to promote investment flow between the two countries.
- The Deputy Prime Minister was joined by the Governor of Saudi Arabian Monetary Authority (SAMA), Chairman of TBI and senior officials from the Saudi government for the historical launch.
Baghdad, April 18, 2019: The first Iraqi bank to open a branch in Saudi Arabia was officially opened today by His Excellency Dr. Fuad Hussein, Deputy Prime Minister and Finance Minister of Iraq.
The wholly government-owned bank, which holds 80% market share in Iraq, has opened its first international branch office in Al-‘Olayya District of Riyadh and will start its operations soon.
The Deputy Prime Minister was joined by H.E. Ahmed Al Khulaifi, Governor of SAMA, Turki Al-Mutairi, Deputy Governor of SAMA Research – International Affairs, H.E. Dr. Maher Hammad Johan, Deputy Minister of Finance of the Republic of Iraq, Faisal Al Haimus, Chairman of TBI, senior officials from the Saudi government and honoured guests from both countries for a short opening ceremony at its new premises.
The first international branch of TBI will solidify its foothold in the market outside Iraq further, cementing its international credentials as it continues to help with the reconstruction efforts and transform the economy of Iraq.
TBI’s presence in the KSA will also allow the bank to further promote investment opportunities in Iraq and to establish relationships with key institutions within the country’s banking and finance sectors.
The Iraqi government is proceeding with several projects in Saudi Arabia in a wide range of fields with the aim to develop and strengthen relations between the two countries.
Dr. Fuad Hussein said: “This is a hugely significant day for the financial sector of Iraq and the country as a whole.
“This is an important step towards reinforcing our relationship with the Saudi government and we look forward to advance bilateral ties between Iraq and Saudi Arabia.”
TBI opened a representative office in Abu Dhabi towards the end of 2017 and has been making great strides towards reaching its strategic goals both in business and in assisting the ongoing reconstruction of Iraq as it continues to define its reputation as a competent institution with access to global financial networks.
Mr Al Haimus said: “Today is a landmark day for the bank, which all of our employees and partners should be extremely proud of. I am personally very excited about seeing the huge mutual benefits this new branch will offer TBI, our partners and customers.
“I would like to thank His Majesty King Salman bin Abdulaziz and His Highness Crown Prince Mohammed bin Salman for their support in facilitating the opening of our branch in the kingdom.
“I would also like to thank everyone at TBI who has made today possible and our various strategic partners in the KSA and the wider region.”
As TBI moves forward with its strategic plan that will take the bank up to 2021, it continues to play a pivotal and hugely influential role in Iraq’s ongoing recovery and regeneration. The success of the bank’s endeavours are directly linked to the stability and prosperity of the country and have a far-reaching impact on Iraqi society.
ENDS
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 among Arab banks in terms of cost to income ratio and 332 globally in terms of Tier 1 capital. It has established 25 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.
Winners of TESTAHEL 1st draw/Season Three 2019 have received their prize of One million IQD, for each.
Check photos for more details:
On Monday (08/04/2019), Mr. Khalid Hamed Nasir, the winner of IQD 10,000,000 million of TESTAHEL First draw/Season Three, has received his prize in Baghdad at Al-Masbah branch by Mr. Hussain Muhi, Al-Masbah branch Manager.
The winner expressed his gratefulness to all TBI team who worked hard to provide whatever new in the financial and banking sector, the thig that would bring positive results for all society members.
TESTAHEL product is a certificate of deposit launched for the first time in Iraq on march 2017 by TBI. Any citizen can participate in this draw by depositing only IQD 500,000 in one of TBI branches and have chance to inter the following draws:
- Monthly draws, which will include 9 prizes, 8 of which are of IQD 1,000,000 million and the 9th one is of IQD 10,000,000 million.
- The quarterly draw, which will be held in both June & December, shall also include 9 prizes, 8 of them are of IQD 1,500,000 million and the 9th prize is of IQD 20,000,000 million.
- The Semi-annual draw will be of 16 prizes, 15 of them are of IQD 2,500,000 million and the 16th is of IQD 30,000,000. It shall take place in September.
- As for the annual draw, we shall have 5 winners, 4 of them will receive an “Elantra” car brand and the 5th winner will be gaining the big prize of IQD 150,000,000!
Participate now by depositing IQD 500,000 at one of TBI branches in Baghdad or in other related provinces.
Our product is subject to the previously mentioned conditions and regulations of Central Bank of Iraq.
Trade Bank of Iraq (TBI) participated in the 16th Trade Fair of the Member States of the Organization of Islamic Cooperation (OIC) which is held at Baghdad International Fair for the period (7-13 April 2019) under the sponsorship of Prime Minister, Dr. Adel Abdul Mahdi.
The event was attended by many significant personalities, such as Dr. Al-Hassan Ahzain, Mr. Walid Habib Al-Helou, the Senior Undersecretary of the Ministry of Trade, Mr. Fatih Yildiz, the Turkish Ambassador, and, Mr. Salah Al-Malki, the Bahraini Ambassador.
The participating bank staff visited various companies participating in the Fair and promoted the services and products the bank provides in general. This Participation came as part of the bank’s management plan to communicate with various sectors contributing to supplying the Iraqi economy with all updates.
Further, during this event, Trade Bank of Iraq honored several personalities such as ambassadors of the countries participating in the exhibition.
TESTAHEL first draw/Season Three, presented to you by Trade Bank of Iraq
News
Iraq – Baghdad
4th April 2019
Trade Bank of Iraq is very pleased to congratulate Mr. Khalid Hamed Nasser for winning IQD 10,000,000 in TESTAHEL First monthly draw/Season Three.
As previously announced the Monthly draws will include 9 prizes, 8 of which are of IQD 1,000,000 million and the 9th one is of IQD 10,000,000 million.
And 8 Winners are:
Mr. Khalid Maan Munir – TBI main branch / IQD 1,000,000
Ms. Shaima Mohsen Ali – TBI Al-Masbah branch/ IQD 1,000,000
Mr. Hazem Kamel Musallam – TBI Najaf Branch / IQD 1,000,000
Mr. Alaa Jamil Saleh – TBI Babylon Mall branch / IQD 1,000,000
Ms. Huraa Khudair Abbas – TBI Zayouna Mall branch / IQD 1,000,000
Mr. Ali Hussein Bilbul – TBI Hilla branch / IQD 1,000,000
Mr. Adnan Mohammed Abbas – TBI Kut branch / IQD 1,000,000
Mr. Fares Atteya Shrad – Nasiriyah Branch / IQD 1,000,000
First monthly draw/Season Three was held on Thursday 4th April 2019 at the Iraqi Hunting Club in Baghdad. The event was attended by Ms. Qusma Saleh, Ms. Doha Abdel Karim, Ms. Rafeef Moayad and Mr. Imad Abdul Hussein, who are CBI representatives, and The President of Trade Bank of Iraq, Mr. Faisal Al-Haimus along with his Vice Presidents and number of TESTAHEL investors.
“TESTAHEL” product is a certificate of deposit issued by Trade Bank of Iraq and approved by Central Bank of Iraq. Any citizen can participate in this draw by depositing 500.000 IQD and have the chance to win valuable prizes during
10 monthly, one semi-annual and annual draw of 100,000,000 IQD in accordance with previously mentioned conditions.
Live broadcast of honoring employees who achieved highest number in TESTAHEL sales.
Live broadcast of TESTAHEL first draw/ Season Three of 10,000,000 IQD; in addition to 8 more prizes, the value of each one of which is 1,000,000 IQD.
In this special kind of day and as she deserves all the best in the world, Trade Bank of Iraq and its employees congratulate the Iraqi woman, who sacrificed all she had for the sake of her children, in the occasion of Mother’s Day. You were and shall always be an idol and great blessing for us all.
This celebration expresses how grateful we are for each strong woman who suffered a lot during decades of time…we owe you countless things! starting from raising the children in well-developed manner for the society to the effective and motivate role of yours in the world.
Happy Woman’s Day you Brave
Participate Now in TESTAHEL product to enter the quarterly draws, which will be hele in June and December 2019, noting that you should credit the deposit 45 days or more prior to the date of the quarterly draw.
The winner of 250,000,000 IQD millions of TESTAHEL Draw/Season two.
On Thursday (07/03/2019), Mr. Zaid Saadi Abbas, the winner of IQD 250,000,000 million of TESTAHEL draw/second season, has received his prize in Baghdad by Mr. Faisal Al Haimus, Chairman and President of TBI.
“I wouldn’t have been able to participate in TESTAHEL without the mutual trust between the bank and the customer; such types of products will urge citizens to save their money in a more secure manner.” said the he winner expressing his gratefulness to TBI for receiving his prize.
TESTAHEL product is a certificate of deposit launched for the first time in Iraq on march 2017 by TBI. Any citizen can participate on this draw by depositing only IQD 500,000 in one of TBI branches and have chance to inter the following draws:
- Monthly draws, which will include 9 prizes, 8 of which are of IQD 1,000,000 million and the 9th one is of IQD 10,000,000 million.
- The quarterly draw, which will be held in both June & December, shall also include 9 prizes, 8 of them are of IQD 1,500,000 million and the 9th prize is of IQD 20,000,000 million.
- The Semi-annual draw will be of 16 prizes, 15 of them are of IQD 2,500,000 million and the 16th is of IQD 30,000,000. It shall take place in September.
- As for the annual draw, we shall have 5 winners, 4 of them will receive an “Elantra” car brand and the 5th winner will be gaining the big prize of IQD 150,000,000!
Participate now by depositing IQD 500,000 at one of TBI branches in Baghdad or in other related provinces.
Our product is subject to the previously mentioned conditions and regulations of Central Bank of Iraq.
Watch the video of “TESTAHEL” Second annual draw provided to you by Trade Bank of Iraq (TBI).
News
Baghdad-Iraq
On Monday (04/03/2019) Trade Bank of Iraq held the Second annual draw of “TESTAHEL” product\ season two. The event was attended by Mr. Faisal Al-Haimus, TBI Chairman & President, Mr. Ali Alalak, Central Bank of Iraq governor, as well as number of Parliament members, embassies personals and Diplomatic Missions in addition to some public figures along with TESTAHEL investors & previous winners.
The draw was made by the famous Actor Mr. Ehsan Dadowesh; and the lucky winner of IQD 250.000.000 million was Mr. Zaid Saadi Abbas.
“We are very pleased to hold the Second annual draw of “TESTAHEL” product. “TESTAHEL” is going to continue for another year and it is a great thing to see the product we create achieving such great success, Next year will hold different prizes:
The monthly draw will include 9 prizes, 8 of which are of IQD 1,000,000 million and the 9th is of IQD 10,000,000 million.
The quarterly draw, which will be held in both June & December, shall also include 9 prizes, 8 of them are of IQD 1,500,000 million and the 9th is of IQD 20,000,000 million
The Semi-annual draw will be of 16 prizes, 15 of them are of IQD 2,500,000 million and the 16th is of IQD 30,000,000. It shall take place in September.
As for the annual draw, we shall have 5 winners, 4 of them will receive an “Elantra” car brand and the 5th winner will be gaining the big prize of IQD 150,000,000!
It is worth mentioning that the “TESTAHEL” is one of the new products issued for the first time in Iraq by Trade Bank of Iraq and has the approval of the Central Bank of Iraq. Citizens can participate in it by depositing IQD 500,000 thousand in one of TBI branches of the bank to get a chance to win prizes through monthly draws, one semi-annual and one annual draw in accordance with the previously mentioned conditions.
TRADE BANK OF IRAQ WINS TWO TOP TITLES AT THE EMEA FINANCE AWARDS
TBI named the ‘Best local Bank in Iraq 2018’ and ‘Best Investment Bank in Iraq in 2018’ at annual awards ceremony
Baghdad, Iraq, March 4, 2019: Trade Bank of Iraq (TBI) has been presented with two prestigious financial industry awards in recognition of its ongoing work to expand and develop the banking services landscape for its private and business customers in Iraq.
TBI was presented with the titles of ‘Best local Bank in Iraq 2018’ and ‘Best investment Bank in Iraq 2018’ at the EMEA Finance Awards.
Hosted by EMEA Finance magazine, the leading source of news and expert financial industry comment and analysis in the region, the awards saw some of the leading figures and institutions from the Middle East banking industry assemble at the Shangri-la Hotel Dubai.
TBI was presented with the ‘Best local Bank in Iraq 2018’ award in celebration of its far-reaching achievements in updating and upgrading the banking services industry in its home country.
The bank has invested heavily in essential infrastructure and organisation across its nationwide network to provide the latest banking products, systems and services to customers.
TBI has continued to expand its chain of branches and ATMs as well as improving its banking capabilities by extending opening hours and introducing night deposit facilities.
These initiatives, along with special savings and deposit schemes, have enabled TBI to reach even more customers and develop new business opportunities across Iraq.
The presentation of the award for ‘Best investment Bank in Iraq 2018’ celebrates TBI’s position as the leading institution in the banking sector in Iraq with an 80% market share of trade finance business.
A pillar for the national economy, TBI has continuously maximized the Government of Iraq’s equity share through expanding its business locally and internationally.
Encouraging and securing foreign investment is one of TBI’s key goals as it promotes the country and its own services as a reliable option for investors.
Last year, TBI signed a multi-million-dollar agreement with General Electric (GE) and Standard Chartered Bank (SCB) to fund Iraq’s ‘Power up Plan’ that aims to deliver electricity to homes and business nationwide.
Faisal Al Haimus, Chairman & President of Trade Bank of Iraq, who received the awards, said: “We are delighted to receive two titles, particularly as they were awarded by one of the region’s most trusted and respected sources of news related to the banking and financial industry.
“These awards acknowledge Trade Bank of Iraq’s continuing work to develop the financial services sector across Iraq and bring world-class banking systems and facilities to our clients.
“The awards are gratifying as it recognises the hard work being carried out by our staff to support our customers and clients on the ground each day and also helps to further cement our status as the go-to bank for companies and institutions looking to make smart investments in the future of Iraq.”
ENDS
Trade Bank of Iraq promotes investment opportunities in Iraq at Global Trade Review MENA 2019 summit
TBI reiterated their commitment towards reconstruction of Iraq through its activities in the trade finance sector
Dubai, February 18 2019: Investment opportunities in Iraq was one of the hot topics at the Global Trade Review (GTR) MENA 2019 summit held in Dubai where Trade Bank Iraq (TBI) was on hand to give its expert advice and opinion on the subject.
The potential for investment in power infrastructure in the region and the role of ECA finance was the subject of a panel discussion led by Jeremy Shaw, JP Morgan’s Global Head of Export Finance & EMEA Regional Trade Head at the GTR MENA summit, an event held for premium trade finance institutions in the Middle East.
Habib Bitar, Chief Representative at TBI’s Abu Dhabi office was a special guest on the panel and the discussion quickly turned a spotlight on Iraq due to the potential opportunities to invest in the fledgling economy as the country continues to rebuild.
He said: “After the Oil & Gas sector, reconstruction of the power sector takes much precedence in Iraq, creating enormous investment opportunities for international companies.
“There is much spending that needs to be done as part of the reconstruction of Iraq and ECA finance will play a crucial role going forward.”
It’s estimated that the real GDP growth of Iraq reached 1.7% in 2018 and is expected to grow up by an average of 3.1% between 2019 2023 with non-oil GDP expected to grow tremendously on the back of the reconstruction efforts.
TBI has previously partnered with various corporate organisations such as GE, Standard Chartered Bank, Commerzbank and Mashreq on numerous projects aimed at the reconstruction of Iraq, which also offer strong investment opportunities for those partners. TBI opened a representative office in Abu Dhabi in 2017 to help build similar relationships and increase the level of investment into the country.
Habib added: “We are building a wide-ranging platform of partnerships that will bring about opportunities and investments and make TBI well poised to deliver tailored trade credit solutions for import activities to support the reconstruction of Iraq.
“We are keen to earmark our presence outside Iraq and our presence at the GTR is a reflection of that. UAE is a strategic location with global financial institutions using it as a hub to conduct its business in the region and events such as this are important to us for that purpose.”
TBI is making great strides towards reaching its strategic goals both in business and in assisting the ongoing reconstruction of Iraq as it continues to define its reputation as a competent institution with access to global financial networks.
As TBI moves forward with its strategic plan that will take the bank up to 2021, it continues to play a pivotal and influential role in Iraq’s ongoing recovery and regeneration.
TBI was recently awarded the Best Trade Finance Bank in Iraq 2019’ at the Global Finance magazine and won the ‘Best Retail Bank’ and ‘Best Priority Bank’ in Iraq by International Finance magazine.
ENDS
We are pleased to announce that as of 5th of March 2019, we shall restructure “TESTAHEL” prizes by increasing number of withdraws during the year so that participants can have more chances to win.
Four winners of TESTAHEL 11th draw/Season Two 2019 have received their prize of One million IQD, for each.
Check photos for more details:
On Thursday (07/02/2019), Mr. Firas Mohammed Ali Abbas, the 11th winner of IQD 10,000,000 million of TESTAHEL draw/second season, has received his prize in Karbala by Mr. Ehsan Abdul khaduom, branch Manager of Karbala.
The winner was so grateful to TBI for receiving this prize, expressing that it was a unique experience which aims to keep people’s funds save at the bank and in case you won, you will receive 20 time your deposit amount.
TESTAHEL product is a certificate of deposit lunched for the first time in Iraq on march 2017 by TBI. Any citizen can participate on this draw by depositing only IQD 500,000 in one of TBI branches and have chance to inter monthly draws of IQD 10,000,000 million in addition 4 other ones, each of which is of IQD 1,000,000 million, one semi-annual draw of IQD 40,000,000 million and 4 other ones, each of which is of IQD 5,000,000 million. As for the annual draw, it became of 250,000,000 million instead of IQD 100,000,000 million.
Participate now by depositing IQD 500,000 At ONE of TBI branches in Baghdad or in other related provinces.
Our product is subject to the previously mentioned conditions and regulations of Central Bank of Iraq.
Participate in “TESTAHEL” draw to have the chance to win many prizes through monthly, semi-annual and annual draws.
For more information, you can watch the video of the 11th winner of “TESTAHEL” season 2.
The Winners of TESTAHEL 11TH Draw!
Press Release
Iraq – Baghdad
On (04\02\2019), the 11th TESTAHEL draw was held at TBI-Head Office in Baghdad. The event was attended by Mr. Waleed Eadi, Central Bank of Iraq Representative, Mr. Faisal Al Haimus, Chairman and president of TBI, Mr. Fouad Al Wakeel, Deputy President of TBI, Mrs. Yusser Hazim, TBI Assistant President and some of the investors in TESTAHEL.
Trade Bank of Iraq would like to congratulate Mr. Firas Mohamed Ali Abass for winning IQD10,000,000 in TESTAHEL 11th draw – season two,
As announced previously about increasing of prizes, the draw included four additional winners, as well as to the winner of 10,000,000 IQD, each of them shall gain IQD 1,000,000.
Congratulation to winners:
Mr. Ali Fahad Ajram
Mr. Deaa Hussain Jameel
Mrs. Eshtar Habib Jasim
Mrs. Sinan Hani Zedan
It is worth mentioning that “TESTAHEL” is one of the new products issued for the first time in Iraq by TBI and has the approval of the Central Bank of Iraq. The citizen can participate in it by depositing IQD 500,000 thousand in one of TBI branches to get a chance to win prizes through monthly draws and one semi-annual and one annual draw in accordance with the previously mentioned conditions.
TBI NAMED ‘BEST TRADE FINANCE BANK IN IRAQ 2019’
Faisal Al Haimus, Chairman & President of Trade Bank of Iraq, received the award from ‘Global Finance’ magazine at a ceremony held in London recently.
Iraq- Baghdad 28 January 2019: Trade Bank of Iraq (TBI) has been recognised for its continued commitment to accelerating economic growth with the award of ‘Best Trade Finance Bank in Iraq 2019’ at the Global Finance Magazine Award ceremony in London.
The editorial review board of the globally renowned publication, selected TBI based on input from industry analysts, corporate executives and technology experts. Its criteria for choosing TBI included transaction volume, scope of global coverage, customer service, competitive pricing and the Bank’s innovative technology.
Faisal Al Haimus, Chairman & President of Trade Bank of Iraq, who received the award at the ceremony in London said: “The award granted by Global Finance is yet another recognition of TBI’s achievements in lifting the economy and its efforts to offer the best in financial services.
“This award further reiterates the growing global credibility we have garnered over the last couple of years through our strategic partnerships.
“Our presence in the Middle East and the strategic relationships we have developed have been an important step in attracting more investments into Iraq and a source of confidence in the Bank’s long-term strategy, which focuses on contributing to the continued development and economic growth of Iraq.”
TBI was established in July 2003 with the aim of helping in the reconstruction of Iraq by facilitating international trade and continues to be at the forefront of large-scale infrastructure developments across the country.
The institution’s financial network and expertise plays a significant role in sourcing and securing funding for projects. It established its first international office in the UAE in 2017 and has since signed several agreements with entities such as GE, Standard Chartered Bank, Commerzbank and Mashreq.
Faisal Al Haimus added: “TBI has been supporting the flow of trade between Iraq and the rest of the world. We leverage the relationships we have forged in the recent years to provide tailor made Trade Finance solutions to our clients.”
-End-
DOUBLE WIN FOR TRADE BANK OF IRAQ AT THE INTERNATIONAL FINANCE AWARDS
Trade Bank of Iraq awarded the ‘Best Retail Bank’ and ‘Best Priority Bank’ in Iraq in 2018
Iraq, January 21, 2019: Trade Bank of Iraq’s (TBI) has been recognised for their outstanding performance and service, taking home two awards at the International Finance Awards 2018.
London based ‘International Finance’ magazine rewarded TBI’s continued commitment towards providing modern banking services in Iraq, presenting the ‘Best Retail Bank’ and ‘Best Priority Bank’ awards during a special ceremony held at the Jumeirah Emirates Towers in Dubai.
Faisal Al Haimus, Chairman & President of Trade Bank of Iraq, who received the awards at the ceremony said: “We are pleased to receive this esteemed award, which recognises our strong and personalised customer service along with our portfolio of retail products and priority services.
“These awards are not only an acknowledgement of TBI’s continuous efforts, but also a testimonial to the quality of the bank’s products and services, which have brought great satisfaction to customers.
“Setting new standards in the retail products and priority services through innovation and outstanding performance has always been one of the core strategic focus of our business and will continue to be the same for us going forward.”
TBI was established in July 2003 with the aim of helping in the reconstruction of Iraq by facilitating international trade and continues to be at the forefront of large-scale infrastructure developments across the country.
The institution’s financial network and expertise plays a significant role in sourcing and securing funding for projects. It established its first international office in the UAE in 2017 and has since signed several agreements with global banks and finance firms to help fund infrastructure projects inside Iraq.
Faisal Al Haimus added: “This recognition is proof of the Bank’s constant ability to deliver a strong and solid performance. We will continue to innovate, improve and enhance our service quality to meet the growing demands, needs and expectations of our customers.”
International Finance Awards recognises industry talent, leadership skills, industry net worth and capability on an international platform. Winning banks were selected through a board of industry specialists drawn from international ratings agencies and some of the world’s leading financial centres after undergoing immense scrutiny based on growth, sustainability, their contribution to society and innovation.
ENDS
Four winners of TESTAHEL 10th draw/Season Two 2019 have received their prize of One million IQD, for each.
Check photo for more details
The President of Trade Bank of Iraq (TBI) and all the bank staff congratulate the Prime Minister, Chief Commander of the Armed Forces, Mr. Adel Abdul Mahdi, and the Ministry of Interior on the occasion of the 97th Iraqi Police Day.
During our visit to General Traffic Directorate, we warmly congratulated Major General Amer Al-Azzawi, Head of General Traffic, and all staff members on this occasion wishing them more success and progress in serving our Precious Country.
On Wednesday (09/01/2019), Mr. Mohammed Fathi Abdulredha, the 10th winner of IQD 10.000.000 million of TESTAHEL draw/second season, has received his prize in Bagdad handed by Mr. Hussein Ali Muhi, Manager of International Zone Branch.
The winner was so grateful to TBI for receiving this prize, expressing that it was a unique experience which aims to keep people’s funds save at the bank and in case you won, you will receive 20 time your deposit amount.
TESTAHEL product is a certificate of deposit lunched for the first time in Iraq on march 2017 by TBI. Any citizen can participate on this draw by depositing only IQD 500.000 in one of TBI branches and have chance to inter monthly draws of IQD 10.000.000 million in addition 4 other ones, each of which is of IQD 1,000.000 million, one semi-annual draw of IQD 40.000.000 million and 4 other ones, each of which is of IQD 5,000.000 million. As for the annual draw, it became of 250,000,000 million instead of IQD 100.000.000 million.
Participate now by depositing IQD 500,000 At ONE of TBI branches in Baghdad or in other related provinces.
Our product is subject to the previously mentioned conditions and regulations of Central Bank of Iraq.
The President of Trade Bank of Iraq (TBI) and all its employees congratulate the Prime Minister Adel Abdul Mahdi, the Ministry of Defense including all its staff in Iraqi army and our great people on the occasion of the 98th anniversary of its founding.
On this occasion, the TBI will present this video to Ministry of Defense in cooperation with the Directorate of Media and Moral Guidance along with TBI-Media & Public Relations and “Helm Group”.
May the soul of our brave martyr’s rest in peace
Enjoy watching…
Participate in “TESTAHEL” draw to have the chance to win many prizes through monthly, semi-annual and annual draws.
For more information, you can watch the video below of the 10th winner of “TESTAHEL” season 2.
The Winners of TESTAHEL 10TH Draw!
Press Release
Iraq – Baghdad
On (04\01\2019), the 10th TESTAHEL draw was held at TBI-Head Office in Baghdad. The event was attended by Mrs. Nadia Rashid Ali, Assistant General Manager of the Legal Department at the Ministry of Finance, Mrs. Farah AlKhafaf, Mr. Aqeel Al Shuaili, Mr. Fouad Al Wakeel, Deputy President of TBI, Mr. Saif Almashhedani & Mr. Hamza Falieh, TBI Assistant President and some of the investors in TESTAHEL.
Trade Bank of Iraq would like to congratulate Mr. Mohamed Fathi Abdul Redha for winning IQD10,000,000 in TESTAHEL 10th draw – season two,
As announced previously about increasing of prizes, the draw included four additional winners, as well as to the winner of 10,000,000 IQD, each of them shall gain IQD 1,000,000.
Congratulation to winners:
Mr. Mohammed Saleh Essa
Mrs. Ahlam Abdulazeez Salim
Mrs. Amera Shouresh
Mr. Najm Abdul Hussain Hlaiel
It is worth mentioning that “TESTAHEL” is one of the new products issued for the first time in Iraq by TBI and has the approval of the Central Bank of Iraq. The citizen can participate in it by depositing IQD 500,000 thousand in one of TBI branches to get a chance to win prizes through monthly draws and one semi-annual and one annual draw in accordance with the previously mentioned conditions.
Trade Bank of Iraq held its Annual Year-end Celebration on 21st December 2018 at Alalwya club with presence of Mr. Ayad Rhadi and young-talented Iraqi
As we in TBI care for our employees, in regard to their both business and entertainment aspect, we rewarded those who excel in their work, such as Best Department Head, Best Branch Manager, Best Division Head and Best Employee in 2018 and other for their serious responsibility, effective decision-making and transparent dealing at work sphere.
The celebration included the special Band of “Angami” playing joyful songs an addition to quizzes and many prizes the thing that strengths bonds between Senior Management and Employees.
Watch the celebration by clicking below link.
“Your unique Work is always Rewarded”
Trade Bank of Iraq launched its monthly program (Work, Complete, Be Unique) in order to develop the bank and its staff depending on duties, principles and objectives adopted by TBI.
This initiative is based on daily-accomplished works, additional initiatives and suggestions that may develop the employee’s department specifically and the bank as whole, not mentioning strengthening team work aspect among employees. The program also takes into consideration overtime works, through which duties can be accomplished quickly.
The project is formed by three simple words:
Work: means performing your duties honestly & truthfully and bearing the decision making responsibility.
Complete: means completing your job accurately & in high quality within the frame time in order to gain customer satisfaction.
Be Unique: Having positive ideas and social initiatives along with being cooperative and up to date with your officer and colleagues.
Mr. Hassanin Muzher Hussain, a TBI employee, was rewarded the Certificate of Uniqueness on December 2018, which was handed to him by Mr. Faisal Al Haimus, President and Chairman of Trade Bank of Iraq, wishing him and all TBI staff more creativity.
As part of social responsibility towards our country and youth, Trade Bank of Iraq honored the young-talented Iraqis, who participated their work through TBI official page, at its annual celebration held on Friday 21st December 2018 at Alalwya Club.
The participant’s works were listed in a handbook, which will be distributed at the Opening Ceremony of TBI new branch at Kingdom of Saudi Arabia.
We wish for all youth more creativity and determination to achieve ambitions and a developed Iraq.
Chairman & President and members of the Board of Directors and all employees of the Trade Bank of Iraq congratulate on the occasion of Christmas
TBI PARTICIPATES IN CONFERENCE HOSTED BY THE AMERICAN CHAMBER OF COMMERCE TO DISCUSS INVESTMENT OPPORTUNITIES IN IRAQ
Baghdad, December 24, 2018: Trade Bank of Iraq (TBI) officials met with Douglas A. Silliman, the United States Ambassador to the Republic of Iraq, and a delegation of American companies at a conference hosted by the U.S. Chamber of Commerce held recently at the Babylon Warwick Hotel in Baghdad.
The meeting delegates discussed several solutions to help enhance the Iraqi economy and accelerate the delivery of high-quality services throughout the country.
During his address to the delegation, Faisal Al Haimus, Chairman & President of Trade Bank of Iraq, highlighted the significant role TBI plays in assisting the ongoing reconstruction of Iraq as the bank continues to define its reputation as a competent institution with access to global financial networks.
Mr. Faisal said: “Trade Bank of Iraq has established strategic partnerships between the Iraqi government and private infrastructure developers around the world.
“We have also provided guarantees and generated financing through our established relationships with global financial institutions in order to generate more investment in Iraq in the last few years.
“The bank has received several international awards and recognitions based on our constant efforts to raise the standard of transparency and quality in our financial services which has helped to attract investments.”
Douglas A. Silliman, U.S. Ambassador to Iraq, emphasized that the size of the delegation of over 50 companies and 100 delegates created an atmosphere of genuine enthusiasm to invest in Iraq. The American Ambassador noted that Trade Bank of Iraq has played a significant role in serving the interests of the country through the import and export operations, as well as forming global partnerships aimed at improving the economy of Iraq.
The visiting delegation included a number of businessmen and heads of American companies from multiple business sectors.
The conference, held in Baghdad December 9 & 11, concluded with a series of economic recommendations and discussions during which delegates reviewed the strong relationship between Iraq and the United States of America and discussed prospects for supporting and developing various business sectors, expanding areas of economic partnerships, and raising the level of trade exchange between the two countries.
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TBI BECOMES FIRST BANK IN IRAQ EVER TO BE RATED WITH B- FROM FITCH
International ratings agency, Fitch Ratings, assigns Trade Bank Iraq a Long-term Issuer Default Rating (IDR) of ‘B-‘ with Stable Outlook
Iraq, Baghdad, 19 November 2018: Trade Bank of Iraq (TBI) has been assigned Long-term Issuer Default Rating (IDR) of ‘B-‘ with Stable Outlook by Fitch Ratings.
The impressive B- marks the first time an Iraqi Bank has received an official rating through an international ratings agency.
TBI was assessed under Fitch’s globally recognized rating criteria which considered the overall financial health of the bank with emphasis on its financial statement, management, profitability, portfolio diversification, liquidity and revenue among other factors.
Mr. Faisal Al Haimus, President Trade Bank of Iraq commented “The rating assigned to TBI, the first for an Iraqi Bank and in line with the Sovereign of Iraq is indeed a very proud achievement for all of us.
“Our strong balance sheet and profitability, healthy liquidity, diversification strategy in the Corporate and Retail sector and our continued success in the creation of innovative products and services is a testament of working towards our Strategic Initiatives.
“Our achievements have been well recognized through the many awards and accolades received in recent years and we continue to strive forward relentlessly towards our vision with greater zeal and determination.”
TBI was established in July 2003 with the aim of helping in the reconstruction of Iraq by facilitating international trade and continues to be at the forefront of large-scale infrastructure developments across the country.
The institution’s financial network and expertise plays a significant role in sourcing and securing funding for projects. It established its first international office in the UAE in 2017 and has since signed several agreements with international banks and finance firms to help fund infrastructure projects inside Iraq.
TBI is a pioneer financial institution in the Republic of Iraq, having dealings with a wide network of 417 correspondent banks, in 61 country worldwide.
At the end of 2017, TBI had Total Assets of USD 19.300 billion and Net Profit of USD 362.432 million. TBI has the largest network of 25 branches and 122 ATMs & CDMs spread across Iraq. The trust and confidence reposed by the people and the nation have helped the bank to maintain the leadership position.
ENDS
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 among Arab banks in terms of cost to income ratio and 332 globally in terms of Tier 1 capital. It has established 25 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.
Four winners of TESTAHEL 9th draw/Season Two 2018 have received their prize of One million IQD, for each.
Check photos for more details:
In implementation of the directives of the Prime Minister, Mr. Adel Abdul Mahdi, on the occasion of the anniversary of the great victory against ISIS,
All TBI’s employees from north to south, they declared sadness for our martyrs who sacrificed their innocent souls to our beloved Iraq.
May the souls of our brave soldiers rest in peace