About the Bank

The Industrial and Agricultural Bank was established in 1935 and launched as an independent industrial development bank in 1946, becoming a fundamental pillar in supporting and developing the national industrial sector in Iraq. The bank seeks to achieve its vision of being the preferred financial instrument for individuals and companies in the private and mixed sectors by providing innovative financial solutions and advanced banking services. Committed to its mission of supporting the domestic industrial environment and achieving progress through modern technology and qualified personnel, the bank offers a variety of services throughout Iraq. It also strives to enhance communication with the community and other banking institutions and develop its electronic services via the internet and smartphone applications, keeping pace with the latest banking developments and consolidating its position as a key contributor to supporting the national economy.

Bank Vision

Mission

Inspired by the Industrial Bank's belief in the importance of the internal industrial environment as the primary pathway to achieving growth, prosperity, and progress in the industrial sector, the bank has been keen to internally understand and implement its mission, relying on modern scientific technology and practicing it with professionalism and competence in all banking activities. This is achieved by developing innovative financial solutions, employing trained and competent staff capable of providing all services to the bank's clients, in accordance with applicable rules, regulations, and instructions. The bank has established many internal values, which it has adopted as a basis and found to represent solid foundations for its activities and services. These values ​​have diversified to include (community service, interconnectedness with other banking institutions, and customer service). With this approach, the bank's mission, based on the many objectives it seeks, can be achieved.

Vision

The Industrial Bank seeks to advance the financial status of industrial and commercial institutions in the mixed, private, limited, and service sectors. Its vision is to be the preferred financial instrument for all bank clients, whether individuals or companies. This is achieved by offering financial loans, distinguished investment and financing services, and innovative activities in a manner and approach consistent with the financial rules and regulations the bank seeks to achieve. The bank has been committed to establishing a presence throughout Iraq through its branches, which provide financial and banking services. The bank also seeks to complete its projects related to providing services to its clients through ATMs, developing various electronic services via online banking and smartphone applications, and remaining present and engaged with all developments in the banking sector.

Bank Strategy

The Bank pursues its activities to achieve its objectives in accordance with the provisions of its Law No. 22 of 1991 (as amended) and the applicable laws, regulations, and instructions, as follows:
• Granting loans for fixed assets related to industrial projects, to be repaid on dates specified in the loan contract, provided that the loan term and its deferrals do not exceed (5-7) years.
• Participating in the establishment of industrial companies after verifying their technical and economic feasibility, and carrying out the establishment and subscription procedures for joint-stock industrial companies in accordance with the Companies Law.
• Contributing to the development of industrial development plans and methods with relevant departments and entities.
• Preparing economic feasibility studies for industrial projects that could advance economic development in Iraq, and submitting proposals regarding them to the relevant sectors.
• Providing advice to the industrial sector in its field of expertise.
• Carrying out all commercial banking activities carried out by commercial banks pursuant to Resolution No. 9 of 1991 of the dissolved Revolutionary Command Council, in addition to Public Companies Law No. 22 of 1997.
• Conducting tenders and auctions, entering into various contracts with all Iraqi and foreign economic and financial sectors in the country, accepting agencies, concluding various contracts, and conducting all transactions, whether alone, for its own account, or in partnership with others. It may conduct all actions it deems necessary to achieve its objectives and under the terms it deems appropriate.
• Investing cash surpluses by contributing to joint-stock companies or participating with them in carrying out activities related to objectives within or outside the country, after obtaining the necessary approvals.
• Conducting legal transactions and concluding contracts it deems appropriate for its business.
• Carrying out any other activity consistent with its activity or facilitating the achievement of those objectives, in accordance with applicable laws, regulations, and instructions.