Arab Bank Iraq
 | |
Native name | البنك العربي في العراق |
|---|---|
| Type | Subsidiary |
| Industry | Financial services |
| Founded | 1945 and 2023 |
| Headquarters | , |
Number of locations | 2 (2025)[1] |
Area served | Iraq |
| Key people | Basil Al Dhahi (CEO)[2] |
| Revenue | IQD 26 billion (2025) (USD 19,9 million)[1] |
| Total assets | IQD 493 billion (2025) (USD 376 million)[1] |
| Total equity | IQD 226 billion (2025) (USD 173 million)[1] |
Number of employees | 138 (2025)[1] |
| Parent | Arab Bank |
| Website | www |
The Arab Bank Iraq (Arabic: البنك العربي في العراق) is a small-sized Iraqi bank. Subsidiary of the Jordanian group Arab Bank.
History
[edit]Arab Bank opened its first Iraqi branch in Baghdad in 1945,[3] establishing branches in Erbil and Mosul. The bank’s first period in Iraq came to a sudden halt in 1964. Following a political wave of Arab socialism in the middle east, the Iraqi government passed sweeping nationalization laws.[4]
In 2023, Arab Bank re-entered the market by establishing a new entity, Arab Bank Iraq, structured as a private Iraqi joint-stock company. Arab National Bank announced an investment of USD 38.2 million in newly created bank obtaining 20% of the shareholding.[5]
Shareholders
[edit]As of 2025.[6]
- Arab Bank 60%
- Arab National Bank 20%
- Isnad 10%
See also
[edit]References
[edit]- 1 2 3 4 5 "Arab Bank Annual Report 2025" (PDF).
- ↑ "Basil Al Dhahi appointed CEO of Arab Bank Iraq". Iraqi News. 2025-06-23.
- ↑ "Our Profile". Arabbankiraq.
- ↑ "Iraqis Nationalize Some Businesses, But Oil Is Spared". The New York Times. 1964-07-15. ISSN 0362-4331.
- ↑ Talaat, Nayrouz (2023-05-16). "Saudi Arab National Bank to invest US$38.2m in new Arab Bank Iraq". WAYA.
- ↑ "Arab Bank Iraq opens Karrada branch in Baghdad". Iraqi News. 2025-09-01.
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