International Development Bank

About International Development Bank in the UAE  

Established in 2011, International Development Bank has emerged as a leader in the Iraqi banking sector, offering a comprehensive range of banking services, including corporate, investment, and retail banking. It is the largest private bank in Iraq and made history as the first Iraqi bank to establish a presence in the United Arab Emirates, following the acquisition of a license from the Central Bank of the UAE in 2022. Through its Dubai branch, the bank aims to strengthen economic relations between Iraq and the UAE, facilitate trade exchange between the two countries, and deliver innovative financial solutions tailored to meet the needs of its corporate clients in the region.  

Our Vision: 

 • To be the trusted and leading banking partner in enhancing trade and investment exchange between the UAE and Iraq, with a focus on innovation and sustainability in providing integrated financial solutions that support the economic growth of both countries   

Our Mission:  

• Providing comprehensive and distinguished banking services that meet the needs of businesses between the UAE and Iraq, through innovative solutions and advanced financing, to ensure the success of projects and strengthen bilateral investments, thereby contributing to the support of the national economy and the achievement of sustainable strategic partnerships  

 Our Values:  

• Reliability: Delivering trustworthy banking services.  

• Customer Centric: Prioritising customer satisfaction and building long-term partnerships.  

• Innovation: Offering innovative and tailored banking solutions.  

• Integrity: Committing to the highest standards of professional ethics.  

• Transparency: Ensuring clarity and transparency in all operations.  

• Excellence: Providing exceptional banking services that meet customer needs.  

 Strategic Objectives: 

• Strengthening Economic Partnership: Facilitate and develop financial and commercial relations between the UAE and Iraq by providing comprehensive banking services and supporting vital infrastructure projects.  

• Leadership in Remittances: Providing fast and secure remittance solutions between the UAE and Iraq within one day, while ensuring the highest standards of security and efficiency.  

• Providing Innovative Financing Solutions: Deliver unlimited financing for major projects, develop innovative banking products and services, and support leading UAE companies investing in Iraq through swift and flexible procedures.  

• Regional and International Expansion: Enhance regional and international presence by expanding into foreign markets and capitalizing on investment opportunities.  

• Sustainable Growth: Achieve sustainable financial growth by leveraging Iraqi business opportunities, providing competitive financial benefits to clients, and supporting investments and projects that contribute to national economic development and long-term financial returns.  

• Customer-Centric Approach: Offer tailored banking services that meet clients' needs and enhance their satisfaction and trust.  

• Institutional Excellence: Strive for excellence in banking operations and adhere to the highest standards of transparency and integrity.