Trade Bank of Iraq (TBI)
This page sets out what the record shows about Trade Bank of Iraq (TBI). 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.
المصرف العراقي للتجارة
Name, licence and status
- Name in English
- Trade Bank of Iraq (TBI)
- Name in Arabic
- المصرف العراقي للتجارة
- Type
- State-owned bank
- Licence
- No. 9/3/75/7 of 24 January 2004
- Regulatory measures
- No sanction, ban or fine recorded as of the date of writing
Ownership
The Iraq Securities Commission page names no shareholder with about 10 per cent or more. The shareholder tables of the annual reports are not yet in the record.
Owners and managers
| Name | Role | Share | As of | Legal status | Source |
|---|---|---|---|---|---|
بلال صباح حسين | Managing director | Not stated | 30 September 2026 | Not charged as of the date of writing | cbi.iq |
Government of Iraq (state-owned bank) | Shareholder | 100% | 11 March 2024 | Not stated | fitchratings.com |
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 | $115.7m | $115.3m | $384,000 | 0.3% | $136.7m | $6.1m |
| 2014 | $75.8m | $75.8m | $0 | 0.2% | $26.9m | $1.5m |
| 2015 | $180.8m | $37.1m | $143.6m | 0.6% | $1.2m | $13.5m |
| 2016 | $119.9m | $24.9m | $95m | 0.5% | Not stated | $8.6m |
| 2017 | $45.9m | $19m | $26.9m | 0.2% | Not stated | $2.4m |
| Total | $538.1m | $272.1m | $265.9m | $164.8m | $32m |
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 51 occasions on which the committee refused all or part of a request by this bank. On those occasions the bank asked for $271.9 million, and $172.8 million of it was refused.
The largest refusals
| Date | Asked for | Refused | The reason, as the committee wrote it | Category |
|---|---|---|---|---|
| 3 February 2013 | $16.2m | $16.2m | Not stated | Not stated or unreadable |
| 16 January 2013 | $12.5m | $12.5m | نقد لعدم تثبيت يوم الشراء وعدم ذكر اسم الام في كشوفات /الحوالة لعدم تزويدنا بكشف الحولات الصادرة | Missing or defective documents |
| 11 February 2013 | $12.2m | $12.2m | لعدم وجود اقرار كشف تحليلي بالحوالات | Missing or defective documents |
| 18 February 2013 | $12.2m | $12.2m | الاقرار الموجود هو الشراء وليس للحوالة | Other |
| 26 February 2013 | $12.2m | $12.2m | اعتمادات اجلة | Other |
| date unreadable | $8.6m | $8.6m | تبعد لاستلام طلب الشراء في الساعة • باحا يوم 014/05/27 | Other |
| 16 June 2013 | $8.1m | $8.1m | 1. لاختلاف تاريخ كتاب الشراء والاقرار عن تاريخ استمارة الشراء2. بالنسبة للحوالة استبعاد كلى لاغراض تدقيقية (punctuation adjusted) | The bank's whole share refused; Name or data do not match; Held for audit; Penalty on, or suspension of, the bank |
| 1 April 2013 | $8m | $8m | Not stated | Not stated or unreadable |
| 1 April 2013 | $8m | $8m | Not stated | Not stated or unreadable |
| 12 May 2013 | $8m | $8m | استبعاد كلي لعدم تقديم قوائم البيع | The bank's whole share refused; Missing or defective documents |
| 18 August 2013 | $8m | $8m | باسماء الزرا fm | Other |
| 25 August 2013 | $8m | $8m | يقدم الاسبوع المقبل لحين تقديم قوانم الزبائن بشكل اصولي | Other |
Each reason is quoted in Arabic, in the committee's words. 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
- 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 IraqAccessed 25 September 2026Tier Bالمصارف الحكومية (State banks)
العراقي للتجارة ... المدير بلال صباح حسين ... 9/3/75/7 في 2004/1/24 | النهرين الاسلامي ... 12317/3/9 في 2015/8/17 | نشتمان لم يباشر بالعمل (تحت التأسيس) ... 33776/8/9 في 2023/12/20
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