National Bank of Iraq

National Bank of Iraq (NBI) was established in 1995 as a publically listed private sector company to deliver a comprehensive range of banking solutions for businesses and individuals. NBI’s advanced core banking system ensures growth and enhances customer service. NBI has ten branches strategically located in Baghdad, Basra, Umm Qasr, Najaf, Karbala, Mosul, Erbil and Sulaymaniyah.

The National Bank of Iraq’s current paid-up capital is IQD 250 billion (USD 210 million), with total assets estimated at IQD 585 billion (USD 491 million) by the end of 2015.

Since Capital Bank has majority share, all operations are managed from Jordan to ensure that NBI meets international banking standards, such as the International Financial Reporting Standards (IFRS). NBI employs stringent anti-money laundering procedures and is regularly audited by Ernst & Young.