The International Development Bank occupies the first place at the level of Iraqi banks
Tuesday, 24 August 2021 10:47 PM
Baghdad / National News Center
Today, Tuesday, the International Development Bank ranked first at the level of Iraqi banks, according to the classification of assets, the volume of deposits and banking facilities.
And the Iraq Future Foundation issued in a statement received by the “National News Center”, “the report for the first half of 2021 within a comprehensive analysis of the financial statements of Iraqi private banks as a whole in terms of total assets, total customer deposits, total credit facilities and the value of property rights with the growth rates achieved at the level of each bank.”“.
The statement stated, "The International Development Bank may issue the list of Iraqi banks with the highest value of assets, as it reached more than (1.32 trillion dinars), with a growth rate of 19.71%,
meaning that the bank acquired about (10.61%) of the total assets of the banking sector as a whole,
in addition to Achieving a growth in customer deposits amounting to 16.6% to reach (866) billion dinars, as
the bank acquired a rate of (16.28%) of the total deposits of the banking sector, and
the total credit facilities amounted to (441) billion Iraqi dinars, with an annual increase of 19%, as
This constituted 14.54% of the total credit facilities granted by private Iraqi banks.
The statement added that "this report comes to translate the distinguished achievements and results that the International Development Bank continues to achieve and the tireless efforts made by the bank's senior management at the level of hard work to achieve the best desired results and to be added to the important achievements it achieves from time to time."
It is noteworthy that the International Development Bank was established in 2011 and operates through 18 branches throughout Iraq and two representative offices in Lebanon and the United Arab Emirates, in addition to an expansion plan for branches to reach 25 branches by the end of 2021.
The bank also uses the latest banking systems and technology.
The bank was a forerunner in obtaining the main membership of the international payment companies Visa and MasterCard,
which contributed to the acquisition of a large share of the size of the localization of salaries of public and private sector employees and the installation of more than 250 ATMs throughout Iraq,
in addition to its recent contract to purchase 300 new ATMs From CBM and expanding by publishing more of them,
in addition to obtaining a large market share in Iraq from the total commercial finance operations and comprehensive banking operations.
He also won many international awards and recently received a global credit rating from Capital Intelligence for credit ratings with a degree of BB- similar to banks. Arabic and regional.