Rasheed Bank

Rasheed Bank, known in Arabic as مصرف الرشيد, is an Iraqi commercial bank and one of the country's principal state banking institutions. It was created on January 1, 1989, when it was separated from the state-owned Rafidain Bank. The separation established Rasheed Bank as an independent banking organization within Iraq's public financial system. The bank is described as Iraq's second-largest bank and operates a nationwide branch network. The available reference material identifies 162 branches in Iraq, indicating a broad physical presence and a role in serving customers across the country rather than functioning solely as a specialized or regional institution. Its activities are associated with conventional commercial banking and support for Iraq's national economy, although the available material does not provide a detailed current breakdown of its consumer, corporate, public-sector, payment, or lending portfolios. Rasheed Bank's identity is closely connected with the Iraqi state banking sector. Unlike a privately branded financial-services company operating across several countries, it is principally an Iraqi institution serving the domestic market. Its public-facing materials are available in Arabic and English, and the bank's stated institutional orientation emphasizes serving customers and supporting the national economy. The bank's principal distinguishing features are its public-sector heritage, nationwide branch footprint, and historical relationship with Rafidain Bank. The 1989 separation was the key organizational turning point in its history. Subsequent publicly available reference material confirms its continuing existence and its position among Iraq's largest banks, but does not provide sufficient verified information to document individual chief executives, detailed financial results, major product launches, advertising campaigns, ownership changes, or international expansion. Those fields are therefore left unreported rather than inferred.

Rasheed Bank was established on January 1, 1989, when it was spun off from Rafidain Bank, Iraq's state-owned banking institution. The separation created a distinct bank within Iraq's public banking structure and gave Rasheed Bank its own institutional identity and operating network. The bank developed as a domestic Iraqi commercial bank rather than as an internationally diversified financial group. Reference material describes it as Iraq's second-largest bank and records a network of 162 branches located in Iraq. This branch presence suggests a role in providing banking access across the country, including services delivered through physical branches to individual and organizational customers. Rasheed Bank's public identity remains linked to the Iraqi economy and the state banking system. Its official communications are available in Arabic and English, and its stated purpose includes customer service and support for the national economy. However, the available reference material does not document a detailed chronology of later restructurings, leadership appointments, product innovations, mergers, or overseas operations. It also does not establish verified details about the bank's precise legal ownership structure, headquarters, financial performance, or current executive team. Accordingly, the documented history is centered on its 1989 creation, its institutional relationship with Rafidain Bank, and its subsequent role as a major Iraqi branch-based bank.

• 1989

  Separation from Rafidain Bank

  [1]Rasheed Banken.wikipedia.org

  On January 1, Rasheed Bank was established as a separate bank after being spun off from the state-owned Rafidain Bank.

• Nationwide branch network

  [1]Rasheed Banken.wikipedia.org

  The bank is described as operating 162 branches in Iraq, supporting its position as a major domestic banking institution.

A nationwide Iraqi state banking institution focused on domestic commercial banking and service to the national economy.

• Retail banking

  Retail and personal banking

  Rasheed Bank serves customers through a nationwide branch network and is associated with ordinary domestic banking services for individuals. The available sources do not specify a complete list of personal accounts, cards, digital services, or lending products, so this entry records the retail-banking function at a general level.

• Commercial banking

  Commercial banking

  As a major Iraqi commercial bank, Rasheed Bank provides banking infrastructure for organizations and economic activity in Iraq. Public reference material does not provide enough detail to identify specific corporate account, trade-finance, treasury, or institutional products, but the bank's positioning includes support for the national economy.

• Banking services

  Deposits, credit, and payment services

  The bank's branch-based commercial role encompasses core banking functions such as deposits, credit, and payments. No verified source in the supplied material gives product names, eligibility rules, pricing, or launch dates, so these are described as service categories rather than as individually branded offerings.

1. 1Rasheed Banken.wikipedia.org
2. 2Rasheed Bank official websiterasheedbank.gov.iq