Tag Archives | Trade Bank of Iraq (TBI)

Trade Bank of Iraq (TBI) Expanding Abroad

By John Lee. The state-owned Trade Bank of Iraq (TBI) is reported to be planning to expand its operations in China and the Gulf. Chairman Faisal al-Haimus [al-Haimus] told Reuters that the bank want to increase revenues from retail banking and international operations from 25 percent to 30 percent by 2022. He added that it […]

TBI partners with Indian Firm for Fintech Development

By John Lee. The state-owned Trade Bank of Iraq (TBI) has reportedly signed a Memorandum of Understanding with India-based ESDS Software Solution to develop financial technology and a cloud platform in Iraq. According to Zawya, Alpen Capital (ME) Limited acted as the sole advisor for the transaction between the two firms, which aims to “establish […]

Trade Bank of Iraq to open first Saudi Branch

By John Lee. The state-owned Trade Bank of Iraq (TBI) will reportedly open its first operational branch outside Iraq on Thursday. Chairman and President Faisal Al-Haimus told Arab News that the new branch in Saudi capital Riyadh will also be the only active Iraqi bank in the Kingdom. (Source: Arab News)

TBI wins at International Finance Awards

The state-owned Trade Bank of Iraq (TBI) has been recognised for its outstanding performance and service, taking home two awards at the International Finance Awards 2018. London based ‘International Finance’ magazine rewarded TBI’s continued commitment towards providing modern banking services in Iraq, presenting the ‘Best Retail Bank’ and ‘Best Priority Bank’ awards during a special […]

TBI first Iraqi Bank to get B- from Fitch

Fitch Ratings has assigned Trade Bank of Iraq (TBI) a Long-Term Issuer Default Rating (IDR) of ‘B-‘ with Stable Outlook. According to Saudi Gazette, this makes TBI the first bank in Iraq to get B- from Fitch. IDRS AND VIABILITY RATING TBI’s IDRs are driven by the bank’s Viability Rating (VR) and underpinned by potential […]