NATIONAL BANK OF IRAQ
- In 2013, the National Bank of Iraq needed to increase its paid-up capital from IQD50 billion to IQD250 billion, in line with the Central Bank of Iraq’s new regulations. To comply with these requirements, the bank called upon Capital Investments to serve as its exclusive strategic and financial advisor in its efforts to obtain new investors.
- With Capital Investments’ guidance and strategic support, the National Bank of Iraq increased its capital by roughly USD100 million, becoming one of the first banks in Iraq to comply with the new regulatory requirements. At the same time, the bank gained three strategic new regional investors – PALTEL, Cairo Amman Bank, and Foursan Group – each carefully vetted by Capital Investments.