DUBAI- Trade Bank of Iraq (TBI), a government owned lender, has signed a loan agreement with Commerzbank to support small and medium sized enterprises in Iraq.

TBI aims to back public and private sector projects worth up to 100 million euros ($115 million) in business volume, it said in a statement.

The focus of the financing partnership will be on export contracts awarded to clients of Commerzbank in Germany and other European countries.

($1 = 0.8651 euros)

(Reporting by Davide Barbuscia; Editing by Toby Chopra) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))