Which bank is good in Iraq?
After being selected by Global Finance magazine as the “Best Bank” in Iraq, Mansour Bank was recently awarded by the World Union of Arab Bankers, the award of “the Best Bank in Retail and Corporate Banking services in Iraq for the year 2022”.
Trade Bank of Iraq ranked 1st place among Middle East banks in terms of Cost to Income Ratio, and ranked number 332, in terms of Tier One Capital by The Banker magazine.
Foreign Banks: The main foreign banks operating in Iraq are either GCC banks, e.g. Abu Dhabi Islamic Bank (UAE) and Al-Baraka Bank (Bahrain), Iranian (e.g. Bank Melli Iran) or Turkish (e.g. Ziraat Bank, Vakif bank and Esh bank). The majority of the foreign banks in Iraq focus on the Kurdish Region.
The three largest banks in Iraq are Rafidain Bank, Rasheed Bank, and the Trade Bank of Iraq (TBI), which account for roughly 85 percent of Iraq's banking sector assets. Iraq's economy remains primarily cash based, with many banks acting as little more than ATMs.
At Citibank, N.A. Iraq our mission is simple: We responsibly provide financial services that enable growth and economic progress. Citibank's presence in Iraq dates back to June 2013.
Trade bank of Iraq is rated by the international credit agencies Fitch and our credit rating's is B-, B. Safest Bank in Iraq by The “Global Finance Magazine”.
JPMorgan Chase is the latest international bank after Citigroup and Standard Chartered to expand business in Iraq, reports Bloomberg.
Wells Fargo does not have offices outside of the U.S. that provide services to consumer or small business customers. For assistance with your accounts when traveling internationally, refer to our international access codes for phone numbers, or visit our travel resource center.
To open a bank account in Iraq, you will need to visit a bank in person and bring the following documents: A valid government-issued identification, such as a passport or national ID card. A proof of address, such as a utility bill or rental agreement.
With Automated Teller Machines (ATMs) you have access to your funds from many convenient locations across Iraq and all over the world 24 hours a day, 7 days a week.
What is the richest bank in Iraq?
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.
Private Local Banks: Iraq has 32 private local banks, the largest ones are North Bank, Bank of Baghdad, Dar Essalaam Bank, and Warka Bank.
In this digital age, First Iraqi Bank, better known as FIB, emerges as a leading bank in the region, offering a comprehensive suite of digital banking solutions that cater to customers' evolving needs.
- Rafidain Bank.
- Rasheed Bank.
- Industrial Bank.
- Agricultural Cooperative Bank of Iraq.
- Real Estate Bank of Iraq.
- Bank of Iraq.
- Trade Bank of Iraq.
The Qi Card also known for International Smart Card ISC is an Iraqi debit card and is the national credit card of Iraq. It is pronounced as 'key', and it is the reversed form of iq, the ISO 3166 code for Iraq. It has about 3,000 employees. As well as 9 million card users .
The Iraqi National Card is an electronic biometric card issued by the Ministry of Interior from January 1, 2016. It replaced the Nationality Certificate and Civil Identification Document and the Residency Card.
Required documents for opening account for non-Iraqi's
Passport. Residential card, for not less than a year. Workplace support letter.
Gulf banks dominate the 2022 list, with 25 out of the 30 based in the GCC. Qatar's QNB Group tops the list with $300.3 billion in total assets, followed by the U.A.E.'s FAB, and Saudi's Al Rajhi Bank and Saudi National Bank.
| Bank | Forbes Advisor Rating | ATM Network |
|---|---|---|
| Chase Bank | 5.0 | 15,000+ Chase ATMs |
| Bank of America | 4.2 | 16,000+ ATMs in the U.S. |
| Wells Fargo Bank | 4.0 | 11,000 |
| Citi® | 4.0 | 65,000 |
Does Chase Bank exchange foreign currency? Yes, Chase Bank does offer foreign currency exchange services to its customers.
Who owns the Bank of Iraq?
The bank was established with 100 billion dinars in capital provided by the state in exchange for 100% of the bank's capital stock. 2 The federal government is the sole owner of this stock, which was not transferable.
J.P. Morgan & Co. is an American financial institution specialized in investment banking, asset management and private banking founded by financier J. P. Morgan in 1871. Through a series of mergers and acquisitions, the company is now a subsidiary of JPMorgan Chase, one of the largest banking institutions in the world.
Does Wells Fargo buy or sell Iraqi dinar? Expand. No, Wells Fargo does not buy or sell Iraqi dinar in any location - online, by phone, or in our branches.
Credit Bank of Iraq Classic Debit Cards offers convenience and financial control by combining the worldwide acceptance and benefits. Your debit card enables you to access your money from any ATM within Iraq or abroad. Open an account with Credit Bank of Iraq today and get your Debit Card to enjoy the services.
Wells Fargo Bank is a subsidiary of Wells Fargo & Company, a U.S.-based multinational financial services company headquartered in San Francisco, California and founded in 1852. Wells Fargo Bank has been a subsidiary of Wells Fargo & Company since it was established as a separate division of the company in 1968.
