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)
The International Development Bank was established in 2011 in Iraq and is a pioneer in the banking sector for individuals and businesses in the country.
AED Paid-up capital.
The bank operates 33 branches and owns more than 450 ATMs.
We are the leading issuer and acquirer of debit and credit cards powered by Visa and Mastercard.
Capital Intelligence affirmed a standalone rating of ‹B-› with a stable outlook and a core financial strength rating of ‹BB-›.
We hold the position of being the largest private bank in Iraq in terms of assets and deposits.
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.
Current Accounts with multi-currency optionsCall Accounts (overnight interest and easy access)Corporate Debit CardsWorking Capital FinancingOverdrafts and Credit LinesCommercial & Real Estate LoansLetters of Credit and GuaranteeCustodian ServiceBonds, Equities, and International FundsIndex Funds and ETFsFixed DepositsAutomated Payroll (WPS) SolutionsInstant Fund TransfersBills of CollectionCall Accounts (overnight interest and easy access)Foreign Exchange (FX)Asset & Cash ManagementEscrow Account
| Amount in USD (000) | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|
| Total assets | 1,021,503 | 1,213,979 | 1,819,479 | 2,375,879 |
| Deposits | 626,418 | 796,264 | 1,158,949 | 1,275,704 |
| Loans | 406,357 | 572,667 | 758,002 | 772,864 |
| Net Profits | 6,645 | 9,787 | 31,282 | 45,794 |
| Operating Income | 32,265 | 44,173 | 87,442 | 67,931 |
| Shareholder’s Equity | 199,087 | 208,874 | 264,073 | 350,888 |
| Main Ratios | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|
| Loans To Deposits Ratio | 65% | 72% | 65% | 61% |
| CAR (as defined Basel III) | 33% | 30% | 26% | 33% |
| Tier 1 ratio | 32% | 29% | 25% | 22% |
| Cost To Income | 62% | 59% | 39% | 30% |
| Impaired Loans (NPL) | 4% | 3% | 3% | 3% |
| Gross Loans | ||||
|---|---|---|---|---|
| ROAE | 3.39% | 4.80% | 15.32% | 32.11% |
| ROAA | 0.76% | 0.88% | 2.47% | 4.90% |
*FY: Full Year Audited
*HY: Half Year Unaudited
