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Bank Profile

Proudly Iraq’s largest privately owned bank
As the largest privately owned bank and largest banking and financial network in Iraq, the International Development Bank (IDB) was established in 2011 to lead the way and provide comprehensive financial services to citizens and residents of Iraq, in conjunction with those seeking to invest in the country. Since then, our credibility and clients’ trust has enabled us to build a solid reputation locally, regionally and internationally.

Rooted in successful leaders’ story

Initially, IDB’s shareholders were primarily members of the Khalaf Abed Kareem family, together with a few Iraqi investors. While the Khalaf Abed Kareem family remains the biggest shareholder (61% of total equity), the number of shareholders has grown, and the bank was listed on the Iraq Stock Exchange in 2018.
Proudly Iraq’s largest privately owned bank Proudly Iraq’s largest privately owned bank

  • Under the leadership of the Chairman of our Board of Directors, Mr. Ziad Khalaf Abed Kareem

    Our Chairman of the Board of Directors, Mr. Ziad Khalaf Abed Kareem set firm foundations and principles for operations, and this enabled the bank to acquire a significant market share of the total trade finance business, electronic card issuing, as well as a significant proportion of the local banking market.
    Under the leadership of the Chairman of our Board of Directors, Mr. Ziad Khalaf Abed Kareem

  • Enabling economy, business and investing breaks

    Established in the UAE in 2022 and licensed by the UAE Central Bank, we possess in-depth understanding of market dynamics for the UAE and Iraq and are perfectly positioned to offer clients a single point of call for valuable, personalized solutions along this trade corridor. Our aim is to create collaboration between the UAE and Iraq, and strengthen strategic economic relations by facilitating economic, trade and investment opportunities across multiple sectors, building professional relationships in the process – all overseen by appropriate financial regulation to ensure good governance and international credibility.
    Enabling economy, business and investing breaks
  • Adopting the right balance
    Adopting the right balance
  • Our venture into the UAE will serve as the catalyst for future international expansion with the aim of building robust relationships with regional and international partners to ensure opportunities, progress and prosperity for all.