Trans Iraq Bank (Iraq Trans Bank)
This page sets out what the record shows about Trans Iraq Bank (Iraq Trans Bank). 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 عبر العراق للاستثمار والتمويل
Name, licence and status
- Name in English
- Trans Iraq Bank (Iraq Trans Bank)
- Name in Arabic
- مصرف عبر العراق للاستثمار والتمويل
- Type
- Private commercial bank
- Iraq Stock Exchange ticker
- BTRI
- Established
- 21 May 2006
- Licence
- No. 9/3/2661 of 5 December 2006
- Regulatory measures
- Barred from dollar dealing by the Central Bank (July 2023)
- Website
- www.iraqtransbank.com
- Securities Commission page
- Iraq Securities Commissionisc.gov.iq
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 |
|---|---|---|---|---|---|
Chairman | Not stated | Not stated | Not charged as of the date of writing | Iraq Stock ExchangeIraq Securities CommissionCentral Bank of Iraq[1][2] | |
Mohammed Saleh Hashim محمد صالح هاشم | Vice-chairman | Not stated | 30 September 2026 | Not charged as of the date of writing | isc.gov.iq |
Shahd Abdullah Younis شهد عبد الله يونس | Managing director | Not stated | 30 September 2026 | Not charged as of the date of writing | isc.gov.iq |
Haider Jawad Hasan حيدر جواد حسن | Board member | Not stated | 30 September 2026 | Not charged as of the date of writing | isc.gov.iq |
Alaa Diyaa Ali علاء ضياء علي | Board member | Not stated | 30 September 2026 | Not charged as of the date of writing | isc.gov.iq |
Adel Abdul-Razzaq Amin عادل عبد الرزاق أمين | Board member | Not stated | 30 September 2026 | Not charged as of the date of writing | isc.gov.iq |
وشيار عبد الفتاح عبد الرزاق | Shareholder | 9.90% | 16 February 2026 | Not charged as of the date of writing | tib.iq |
حيدر جواد حسن الصراف | Shareholder | 9.56% | 16 February 2026 | Not charged as of the date of writing | tib.iq |
وسام عدنان محمد الربيعي | Shareholder | 9.12% | 16 February 2026 | Not charged as of the date of writing | tib.iq |
أصيل حسن ناصر جعفر | Shareholder | 8.74% | 16 February 2026 | Not charged as of the date of writing | tib.iq |
شركة ظلال الجزيرة للتجارة العامة(company) | Shareholder | 7.77% | 16 February 2026 | Not charged as of the date of writing | tib.iq |
شركة مصرف نور العراق الاسلامي(company) | Shareholder | 7.29% | 16 February 2026 | Not charged as of the date of writing | tib.iq |
شركة أصالة الجنوب للتجارة العامة(company) | Shareholder | 6.74% | 16 February 2026 | Not charged as of the date of writing | tib.iq |
أحلام يونس فرحان العيدي | Shareholder | 5.78% | 16 February 2026 | Not charged as of the date of writing | tib.iq |
بهاء حسين علي العيدي | Shareholder | 5.71% | 16 February 2026 | Not charged as of the date of writing | tib.iq |
Shareholder | 5.35% | 16 February 2026 | Accused in credible reporting | tib.iq |
Dollars bought from the Central Bank
Dollars bought from the Central Bank, by year
In billions 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 | $87.5m | $79.3m | $8.2m | 0.2% | $8.3m | $2.9m |
| 2014 | $1.4bn | $90.8m | $1.3bn | 4.0% | $98.8m | $24.6m |
| 2015 | $2.5bn | $337.3m | $2.2bn | 7.9% | $47.8m | $124.3m |
| 2016 | $1.2bn | $225.6m | $1bn | 4.7% | Not stated | $82.2m |
| 2017 | $733.8m | $205.1m | $528.6m | 3.7% | Not stated | $32.6m |
| 2018 | $6.3m | $0 | $6.3m | 4.0% | Not stated | $200,014 |
| 2019 | $631.9m | $1.4m | $630.4m | 5.5% | Not stated | $3.6m |
| 2020 | $6.9m | $0 | $6.9m | 3.8% | Not stated | $222,797 |
| Total | $6.6bn | $939.5m | $5.7bn | $155m | $270.6m |
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 47 occasions on which the committee refused all or part of a request by this bank. On those occasions the bank asked for $550.5 million, and $155 million of it was refused.
The largest refusals
| Date | Asked for | Refused | The reason, as the committee wrote it | Category |
|---|---|---|---|---|
| 3 December 2014 | $18.5m | $18.5m | 18,488,000 الاغراض تدافيقية | Held for audit |
| date unreadable | $16.7m | $16.7m | 16,655,000 لأغراض تدقيقية | Held for audit |
| date unreadable | $19.8m | $15.2m | استبعاد ,#ت 1وت3وت4! لاغراض تدقيقية | Held for audit |
| date unreadable | $22.6m | $13.6m | من الحوالة لاغراض ثدقيقية | Other |
| date unreadable | $16.5m | $10.8m | مهرمت عن يرمات فساودة سرم. التحورة إلدة وغني | Other |
| date unreadable | $9.8m | $9.8m | 9,848,000 الاغراض تديقية | Held for audit |
| date unreadable | $15.3m | $9.2m | لتح لي لكل من ,تاوت 3وت3) | Other |
| 2 December 2014 | $8.6m | $8.6m | 8,647,000 الاغراض تدقيقية | Held for audit |
| 10 September 2013 | $15.8m | $7.7m | اغراض تدقيقية | Held for audit |
| 9 December 2014 | $17.8m | $6.1m | استبعاد ,ت4) لاغراض تدقيقية . | Held for audit |
| 24 December 2014 | $18.3m | $4.4m | استبعاد ,ت4!لا غراض تدْقبقية | Held for audit |
| 30 October 2014 | $18.8m | $4.1m | استبعاد !,ت4)لاعراض تدايقية | Held for audit |
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
- 19 July 2023US Treasury and Federal Reserve Bank of New York (as reported)Barred from dollar transactions (not announced; reported)
Against: 14 Iraqi banks (named in the Central Bank's list of 20 July 2023)
"The ban, which was imposed by the Treasury Department and the Federal Reserve Bank of New York, is part of a crackdown on the siphoning of U.S. currency to Iran" (Reuters summarising The Wall Street Journal).
Current position: See the Central Bank's list
Original - 20 July 2023Central Bank of IraqBarred from the currency window and from dealing in dollars
Against: Al-Mustashar Islamic; Al-Qurtas Islamic; Al-Taif Islamic; Elaf Islamic; Erbil Bank; International Islamic; Iraq Trans (Trans Iraq) Bank; Mosul Bank; Al-Rajih Islamic; Sumer Commercial; Trust International Islamic; Al-Mal Islamic Investment Bank; World Islamic; Zain Iraq Islamic
The Central Bank's list gives the effective date as 20 July 2023.
Current position: Listed as of 4 February 2024; Mosul Bank named in July 2026 as one of seven banks cleared to return to non-dollar correspondent channels
Original
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
In the press
- 14 June 2016النزاهة تحبط محاولة لسرقة 7 مليارات ونصف من مصرف عبر خطاب ضمان مُزوَّرalsumaria.tv