Bank of Iraq

Bank of Iraq, also known in Arabic as مصرف العراق, is an Iraqi state-owned banking institution. The bank was established in 1991 under the name Iraqi Socialist Bank and subsequently became known as Bank of Iraq. It is described as the smallest of Iraq's state-owned banks and has operated through a limited branch network. The available reference material identifies the bank primarily through its role within Iraq's public banking system rather than through a broad international or private-sector brand presence. As of the information reported for 2003, Bank of Iraq had four branches and total assets of approximately US$8.4 million. That figure is historical and should not be treated as a current measure of the institution's size or financial condition. The bank's documented market is Iraq. The supplied sources do not provide sufficient detail about its current headquarters, management, ownership structure beyond its state-owned status, website, product portfolio, digital services, or recent financial performance. They also do not establish whether the bank is publicly listed or identify a current parent group. Consequently, the institution is best characterized as a domestic Iraqi public banking brand with a relatively small historical branch footprint. Its main significance lies in its place within Iraq's state-owned banking sector and in its evolution from the former Iraqi Socialist Bank to Bank of Iraq.

Bank of Iraq was founded in 1991 as the Iraqi Socialist Bank. Its establishment placed it within Iraq's network of state-owned financial institutions, although the available reference material does not describe the legal or policy circumstances surrounding its creation in detail. The institution later adopted the name Bank of Iraq, under which it is identified in contemporary reference material. The bank's documented historical profile is modest compared with Iraq's larger public banks. It is described as the smallest of the state-owned banks and was reported to have four branches. This limited network suggests a primarily domestic role and a narrower physical presence than the country's major public banking institutions, but the available source does not provide enough information to determine the bank's exact customer segments, geographic concentration, or range of services. A reference entry records total assets of US$8.4 million as of 2003. This is a time-specific historical figure and should be understood in the context of Iraq's financial system at that date; it does not establish the bank's present asset base. No later balance-sheet figures, ownership changes, merger history, leadership roster, product launches, campaigns, controversies, or strategic decisions are identified in the supplied material. The bank remains associated with Iraq's state-owned banking sector. However, publicly available details in the supplied references are insufficient to construct a complete modern corporate history. Information about its current branch count, operational status, digital channels, governance, financial performance, and relationship with the Central Bank of Iraq would require additional authoritative sources.

• 2003

  Historical asset figure reported

  [1]Bank of Iraqen.wikipedia.org

  The bank was reported to have total assets of approximately US$8.4 million and four branches at this point in the historical record.

• 1991

  Established as Iraqi Socialist Bank

  [1]Bank of Iraqen.wikipedia.org

  The institution was founded in Iraq under the name Iraqi Socialist Bank.

A domestic, state-owned Iraqi banking institution with a small historical branch network.

1. 1Bank of Iraqen.wikipedia.org