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Abu Dhabi: Trade Bank of Iraq (TBI) has been named "Safest Bank in Iraq" by Global Finance magazine in an exclusive survey as part of the publication's annual ranking of the World's Safest Banks.
The award, in its 28th edition, evaluates the long-term foreign currency ratings from global ratings agencies Moody’s, Standard & Poor’s and Fitch and the total assets of the 1000 largest banks worldwide
Faisal Al Haimus, Chairman & President of Trade Bank of Iraq, who received the award at the ceremony held in in Washington D.C., USA on the sidelines of the 2019 Annual Meetings of the International Monetary Fund said: “This award is a testament to the hard work, dedication and commitment towards our customers.
“Our excellent asset quality, and pragmatic approach to risk management leave us well placed to generate sustainable profitability and continue growing stronger.
A pillar for the national economy, TBI has continuously maximized the Government of Iraq’s equity share through expanding its business locally and internationally. Encouraging and securing foreign investment is one of TBI’s key goals as it promotes the country and its own services as a reliable option for investors.
TBI has been supporting the flow of trade between Iraq and the rest of the world. TBI leverages the relationships it has forged in the recent years to provide tailor made Trade Finance solutions to its clients.
Faisal Al Haimus added: “This accolade also speaks to the trust that our customers and partners have in us, and we will continue improving our banking service, to make it faster, simpler and even safer.”
The bank has won a number of awards this year at Achievements Forum Milan, International Finance Awards, EMEA Finance Awards, JP Morgan Elite Quality Recognition Award including ‘Best Trade Finance Bank’, ‘Best Retail Bank’, ‘Best Priority Bank’, ‘Best local Bank’ and ‘Best Investment Bank in Iraq’ for the Iraqi market.
As TBI moves forward with its strategic plan that will take the bank up to 2021, it continues to play a pivotal and influential role in Iraq’s ongoing recovery and regeneration.
For media enquiries, please contact:
Noorul Hijaz
Seven Media
Tel: +971553163123
Email: noorulhijaz@sevenmedia.ae
About Trade Bank of Iraq (TBI)
The Trade Bank of Iraq was established in 2003 and is the top commercial bank in the country. The bank holds approximately 80% of the trade finance business in Iraq and ranked 1 Globally in Capital Adequacy and 332 globally in terms of Tier 1 capital. It has established 25 branches across Iraq, offering a wide range of banking services to all customers including companies, individuals and government institutions to widen its customer base and expand into new markets.
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