Rafidain Bank is an Iraqi bank headquartered in Baghdad, with 146 branches inside Iraq as well as branches in London, Cairo, Beirut, Abu Dhabi, Bahrain, Amman and Jabal Amman.[1]
Its headquarter is in central Baghdad. As of 2017, Rafidain Bank was the largest bank in Iraq and had around 45% of banking assets in Iraq.
History
The bank was established in 1941 and became a state-owned bank in the 1960s wave of Ba'ath nationalisation. In 1988, the Rafidain's non-performing assets were carved out into the Rasheed Bank.[2]
Before the first Gulf War, Rafidain Bank "was the Arab world's largest commercial bank with total assets of USD 47 billion."[2]