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Overview

About the bank

The International Development Bank for Investment and Finance (IDB) is a commercial bank that offers a comprehensive range of banking services to corporate and retail clients in Iraq.
Established in 2011, specializes in trade finance and aims to become a leading trade bank in the EMEA region. The majority stake (67.75%) of the bank is owned by the Al Khalaf Family of Iraq, with the remaining stake publicly listed in Iraq.
IDB is proud to have recently obtained a license from the Central Bank of UAE to operate a wholesale bank onshore in the UAE, making it the first bank from Iraq to do so.
With the largest banking network in Iraq, consisting of over 450 ATM machines and 12,000 selling points, IDB operates 29 branches and employs over 900 staff members located throughout all governorates of Iraq.
The bank has invested heavily in technology infrastructure, providing leading electronic banking services in Iraq. IDB has received compliance certification for Payment Card Industry Data Security Standard version 3.2.1 and is the first Iraqi bank with an “Issuing and Acquiring” license from Mastercard and Visa. The bank is an acceptable banking partner for all government entities of Iraq.
IDB is also among the approved banks for Dhaman Insurance and IFC›s Global Trade Finance Program (GTFP)

Our growth journey

  • Business segments

    Business Segments contribution to the bank›s total income
    IDB›s business is comprised of four main segments.
    Retail (Contribution to the bank›s total income: 14.54%): Mainly dedicated to overseeing the deposits of individual customers, providing consumer loans, overdrafts, credit card facilities, and funds transfer services. These services are exclusive to IDB Iraq, as the UAE branch operates solely as a wholesale bank branch and does not offer retail or consumer banking services in the UAE.
    Corporate (Contribution to the bank›s total income: 74.77%): Mainly engaged in Trade Finance, managing loans, credit facilities, deposit accounts, and current accounts for corporate and institutional customers.
    SME & other (Contribution to the bank›s total income: 8.81%): Focuses on providing financial products and services to the needs of small and medium-sized businesses and primarily involved in obtaining funds from various sectors.
    Treasury (Contribution to the bank›s total income: 0.81%): Mainly involved in providing money market and foreign currency exchange services to customers
  • Business segments

  • Products & services

    • Investment Banking
    • Retail Banking
    • Treasury Services
    • Current Accounts
    • Investment Services
    • Personal Loans
    • Custodian Services
    • Billing Collection
    • Corporate Banking
    • Remittances
    • Trade Finance
    • Online Cash Management
    • Loans & Credits
    • Internet Banking
    • Commercial Services
    • Mobile Banking
    • SME Financing
    • ATM
    • Cash Management & Payroll
    • Call Center
  • Products & services

Financial Overview

Amount in USD (‹000)
FY 2021
FY 2022
FY 2023
FY 2024
Amount in USD (‹000)
Total assets
FY 2021
1,021,503
FY 2022
1,213,979
FY 2023
1,819,479
FY 2024
2,375,879
Amount in USD (‹000)
Deposits
FY 2021
626,418
FY 2022
796,264
FY 2023
1,158,949
FY 2024
1,275,704
Amount in USD (‹000)
Loans
FY 2021
406,357
FY 2022
572,667
FY 2023
758,002
FY 2024
772,864
Amount in USD (‹000)
Net Profits
FY 2021
6,645
FY 2022
9,787
FY 2023
31,282
FY 2024
45,794
Amount in USD (‹000)
Operating Income
FY 2021
32,265
FY 2022
44,173
FY 2023
87,442
FY 2024
67,931
Amount in USD (‹000)
Shareholder`s Equity
FY 2021
199,087
FY 2022
208,874
FY 2023
264,073
FY 2024
350,888
Main Ratios
FY 2021
FY 2022
FY 2023
FY 2024
Main Ratios
Loans To Desposits Ratio
FY 2021
65%
FY 2022
72%
FY 2023
65%
FY 2024
61%
Main Ratios
CAR (as defined Basel III)
FY 2021
33%
FY 2022
30%
FY 2023
26%
FY 2024
33%
Main Ratios
Tier 1 ratio
FY 2021
32%
FY 2022
29%
FY 2023
25%
FY 2024
22%
Main Ratios
Cost To income
FY 2021
62%
FY 2022
59%
FY 2023
39%
FY 2024
30%
Main Ratios
Impaired Loans (NPL)
FY 2021
4%
FY 2022
3%
FY 2023
3%
FY 2024
3%
Gross Loans
Gross Loans
ROAE
3.39%
4.80%
15.32%
32.11%
Gross Loans
ROAA
0.76%
0.88%
2.47%
4.90%

*FY    Full Year     Audited

*HY   Half Year Unaudited

    • IDB Dubai

      IDB, the first and only Iraqi bank licensed to operate onshore by the Central Bank of UAE, aims to serve as a vital link between the UAE and Iraq. It endeavors to act as a key financial channel to drive significant growth in bilateral trade and investment between the two countries. This includes:



      • Strengthening and ensuring the continuity of trade cooperation between the two countries.
      • Encouraging increased investments between both UAE and Iraq across sectors including construction, tourism, agriculture, banking and finance.
      • Transferring the UAE`s unique experience to Iraq and implementing best practices to enhance reliability.
    • IDB Dubai