The International Development Bank was established in 2011 with an initial capital of 100 billion Iraqi Dinars - today a paid-up capital of 250 billion IQD (equivalent to 210 million US dollars) - and quickly rose to establish itself among leading banks, both locally and regionally, offering commercial banking services to both corporate and retail clients.

 

Bank Profile

The International Development bank was established in 2011 with an initial capital of 100 billion Iraqi Dinars - Today a paid-up capital of 250 billion IQD (equivalent to 210 million US Dollars) - and quickly rose to establish itself among leading banks, both locally and regionally, offering commercial banking services to both corporate and retail clients.

The bank’s initial shareholders were mainly members of the Khalaf Abdel Karim family, together with a number of Iraqi investors. While the Khalaf Abdel Karim family remains the biggest shareholders (61% of total equity), the number of shareholders have grown to include more than 100 holders of common shares that are listed on the Iraq Stock Exchange by 2018.

Achievements

The number of government employees with domiciled salaries at IDB reached more than 150,000.
IDB began partnering up with the public sector to support and help finance investors in all regions of Iraq.

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Awards

International Development Bank for trade and finance to be the first choice for customers

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