Credit Bank of Iraq
This page sets out what the record shows about Credit Bank of Iraq. It names the owners and managers, gives the dollars the bank bought from the Central Bank in the years whose records survive, lists the requests that the Central Bank refused and describes the action that regulators took against the bank.
مصرف الائتمان العراقي
Name, licence and status
- Name in English
- Credit Bank of Iraq
- Name in Arabic
- مصرف الائتمان العراقي
- Type
- Private commercial bank
- Iraq Stock Exchange ticker
- BROI
- Established
- 25 July 1998
- Licence
- No. 2528/3/9/10 of 16 October 1998
- Regulatory measures
- No sanction, ban or fine recorded as of the date of writing
- Website
- www.creditbankofiraq.com.iq
- Securities Commission page
- Iraq Securities Commissionisc.gov.iq
Ownership
The corporate holder in the record is بنك الكويت الوطني with 92%.
Owners and managers
| Name | Role | Share | As of | Legal status | Source |
|---|---|---|---|---|---|
علي محمد علي راضي الجرجفجي، مشاري حمد بن سلامة | Chairman | Not stated | Not stated | Not stated | Iraq Stock ExchangeIraq Securities CommissionCentral Bank of Iraq[1][2] |
وليد جمال الدين السيوفي | Vice-chairman | Not stated | 12 June 2025 | Not charged as of the date of writing | mubasher.info |
عمرو مصطفى محمد الشناوي | Managing director | Not stated | 12 June 2025 | Not charged as of the date of writing | mubasher.info |
زيد عصام جاسم الصقر | Board member | Not stated | 12 June 2025 | Not charged as of the date of writing | mubasher.info |
علي نزار علي خليل | Board member | Not stated | 12 June 2025 | Not charged as of the date of writing | mubasher.info |
عبد الرحمن حمزة الجنابي | Board member | Not stated | 12 June 2025 | Not charged as of the date of writing | mubasher.info |
علي محمد نور رشاد اغا | Board member | Not stated | 12 June 2025 | Not charged as of the date of writing | mubasher.info |
غادة فريد غني الطعمة | Board member | Not stated | 12 June 2025 | Not charged as of the date of writing | mubasher.info |
سعد لطيف حمد ناصر اللامي | Board member | Not stated | 12 June 2025 | Not charged as of the date of writing | mubasher.info |
بنك الكويت الوطني(company) | Shareholder | 92% | Not stated | Not charged as of the date of writing | Iraq Stock ExchangeIraq Securities CommissionCentral Bank of Iraq[1][2] |
Dollars bought from the Central Bank
Dollars bought from the Central Bank, by year
In millions of dollars. Verified rows of the Central Bank's daily records.
| Year | Dollars bought | Cash | Transfers abroad | Share of the year's named sales | Refused | Value of the price gap |
|---|---|---|---|---|---|---|
| 2013 | $328.2m | $143.8m | $184.3m | 0.7% | $135.3m | $14.9m |
| 2014 | $21.3m | $0 | $21.3m | 0.1% | $19.4m | $502,578 |
| 2015 | $23.1m | $0 | $23.1m | 0.1% | $0 | $1.9m |
| 2016 | $5.9m | $400,000 | $5.5m | 0.0% | Not stated | $327,778 |
| 2017 | $5.2m | $5.2m | $0 | 0.0% | Not stated | $0 |
| 2019 | $4.4m | $0 | $4.4m | 0.0% | Not stated | $22,220 |
| Total | $388m | $149.4m | $238.6m | $154.6m | $17.6m |
Share of the year's named sales: the bank's part of all the dollars that the surviving records attribute to a named bank in that year.
Refused: the requests that the Central Bank's committee turned down. Its minutes survive only from January 2013 to February 2015. An empty cell means that no minutes survive for that year. The yearly figures come from the yearly ledger. The figure at the top of the page comes from the committee's minutes. The two can differ.
What the Central Bank refused
From January 2013 to February 2015 the Central Bank's committee recorded, day by day, which requests for dollars it turned down and why. Its minutes record 75 occasions on which the committee refused all or part of a request by this bank. On those occasions the bank asked for $277 million, and $154.6 million of it was refused.
The largest refusals
| Date | Asked for | Refused | The reason, as read from the scanned minutes | Category |
|---|---|---|---|---|
| 17 February 2013 | $10.1m | $10.1m | لعدم وجود رصيد كافي للمصرف | Missing or defective documents |
| 28 July 2013 | $5.6m | $5.6m | سبب الاستبعاد لانتهاء تاريخ الفواتير | Other |
| 29 January 2014 | $5.5m | $5.5m | العدم تقديم سويقت | Missing or defective documents |
| date unreadable | $5.5m | $5.5m | ستبعدت الحوالة لاغراض تدقيقية ستبعد النقد لعدم ختم الاستمارة من قبل المصرف | Missing or defective documents; Held for audit |
| 15 April 2013 | $9.1m | $4.7m | عدم الالتزام بالتعليمات | Other |
| date unreadable | $4.6m | $4.6m | Not stated | Not stated or unreadable |
| date unreadable | $4.3m | $4.3m | عرفض تدقواية | Other |
| 11 February 2013 | $5.7m | $4m | يؤجل لاغراض تنظيمية ويعاد تقديم طلب شراء النقد | Held for audit |
| 13 February 2013 | $5.2m | $4m | لاغراض تنظيمية ويقدم يوم غدا عدم ذكر العنوان الوظيفي للمخول الموقع على | Missing or defective documents; Held for audit |
| 13 May 2013 | $4.5m | $4m | عدم وجود الاقرار | Missing or defective documents |
| 17 June 2013 | $7.6m | $4m | لعدم وجود ختم مراقب الامتثال على اسماء زبانن النقد | Missing or defective documents |
| 8 July 2013 | $4m | $4m | لعدم وجود توقيع المخول على كتاب الاقرار | Missing or defective documents; Penalty on, or suspension of, the bank |
The reasons were read from scanned pages of the Central Bank's minutes, the reading may contain errors, and the scanned page is the authority. Each reason is given in Arabic. Where a reason is marked “punctuation adjusted”, only its punctuation was changed. The category is ours.
Enforcement actions
No enforcement action against this bank is recorded here.
Sources
- Iraq Stock ExchangeAccessed 25 September 2026Tier BISX company profiles (companyprofile.html) for 49 listed banks: establishing date, listing date, capital, managing director
e.g. BHAM مصرف حمورابي: تاريخ التأسيس 26/08/2020؛ تاريخ الإدراج 04/08/2024 | BTRI مصرف عبر العراق للاستثمار: تاريخ التأسيس 21/05/2006 | BLAD مصرف العطاء الاسلامي: تاريخ التأسيس 06/07/2006 | BBAY مصرف بابل: المدير المفوض احمد عباس احمد / الوصي
- Iraq Securities CommissionAccessed 25 September 2026 (the page does not show the dates of disclosure)Tier BIraq Securities Commission (هيأة الأوراق المالية) listed-company pages: 'النسب المؤثرة' (significant shareholdings) and 'أعضاء مجلس الإدارة' (board) for banks
مصرف الاتحاد العراقي ... النسب المؤثرة: 1 عقيل مفتن خفيف البيضاني 13% ... 3 محمد مفتن خفيف البيضاني 13% | أعضاء مجلس الإدارة: عبد الكريم ابراهيم علي رئيس مجلس الادارة ...
Translation: Union Bank of Iraq ... Significant holdings: Aqeel Meften Khafeef al-Baidhani 13%; Mohammed Meften Khafeef al-Baidhani 13% | Board: Abdul Kareem Ibrahim Ali, chairman ...
- Central Bank of IraqAccessed 25 September 2026Tier Bالمصارف الاهلية المحلية (Private local banks: licence numbers/dates, managers, status marks)
الأقليم التجاري للاستثمار والتمويل ( اميرالد سابقا ) ... 408/3/9 2007/3/1 | الهدى ( ممنوع من التعامل بالدولار ) ... 136/3/9 2008/1/14 | مصرف بابل ( تصفية ) ( ممنوع من التعامل بالدولار ) ... المصفي، د.أحمد عباس أحمد | دار السلام للأستثمار ( حراسة قضائية ) | الشمال للتمويل والاستثمار ( وصاية ) | الطيف الإسلامي للإستثمار… Read the rest
والتمويل ( وصاية )( ممنوع من التعامل بالدولار ) | المال الإسلامي للإستثمار ( ممنوع من التعامل بالدولار ) ... 845/3/9 في 2018/12/9(punctuation adjusted)Translation: Region Trade Bank for Investment & Finance (formerly Emerald) ... licence 408/3/9 of 1 Mar 2007 | Al-Huda (barred from USD dealing) ... licence 136/3/9 of 14 Jan 2008 | Babylon Bank (liquidation) (barred from USD) ... liquidator Dr Ahmed Abbas Ahmed | Dar Es Salaam (judicial receivership) | North Bank (guardianship) | Al-Taif Islamic (guardianship)(barred from USD) | Al-Mal Islamic (barred from USD) ... licence 845/3/9 of 9 Dec 2018
Original - Central Bank of Iraq23 October 2025Tier Aالنشرة الإحصائية السنوية / Annual Statistical Bulletin (2024 data; PDF created 23 Oct 2025), banks' establishment year, total assets, paid-up capital (pages 116 to 117) and ISX listing table (p.113)
Region Trade Bank for Investment 2007 1,051,981 300,000 مصرف الاقليم التجاري( اميرالد) | AL-Huda Bank 2008 412,604 250,000 | Erbil Bank 2010 | International Development Bank 2011 | Hammurabi Commercial Bank 2020 | Ur Islamic Bank 2018 334,815 250,000
Original