Iraq · Financial institution
Trade Bank of Iraq
Legal name in the LEI recordالمصرف العراقي للتجارة
Trade Bank of Iraq (TBI) is a government-owned bank headquartered in Baghdad. It was established on 17 July 2003 under Coalition Provisional Authority Order No. 20 of 2003. It obtained its banking licence from the Central Bank of Iraq on 18 January 2004. It provides trade finance, government, corporate and retail banking through branches across Iraq, a branch in Saudi Arabia and a representative office in Abu Dhabi.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- TRIQIQBAXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under TRIQIQBA directly.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- None: head-office BIC only
- Other BIC with this LEI
- TRIQSARI
- BIC first registered
- 2004-05-22
- Last updated
- 2025-06-07
Overview
Researched 29 Sep 2026 · Sources
Employees
Not published
Ownership
State-owned
100% Government of the Republic of Iraq
Institution type
Commercial bank
Trades as TBI
- Ownership
- The bank describes itself as an independent governmental bank wholly owned by the Government of Iraq.
- Direct parent
- Government of the Republic of Iraq, Iraq 100%
- Head office
- Al Rasheed St., Building 11, 12043 Baghdad, Iraq
Business lines
The bank's main activity is financing foreign trade, largely letters of credit and guarantees for government and public-sector clients, and it also offers retail accounts, cards and personal and car loans.
Online
- Websites & references
- tbi.com.iq ↗
Wikipedia ↗ - Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗ · Instagram ↗
Sources · 12 pages consulted
- tbi.com.iq/home/
- tbi.com.iq/board-of-directors/
- tbi.com.iq/financial-statements/
- tbi.com.iq/wp-content/uploads/2026/07/Trade-Bank-of-Iraq-FY-2023-V5.pdf
- tbi.com.iq/remittances/
- tbi.com.iq/about-us/
- iraq-businessnews.com/2026/08/19/new-chairman-for-trade-bank-of-iraq/
- iraqinews.com/iraq/iraqi-pm-appoints-ali-alwan-as-chairman-of-trade-bank-of-iraq/
- alnaeem-news.iq/%D8%A7%D9%84%D8%B2%D9%8A%D8%AF%D9%8A-%D9%8A%D9%83%D9%84%D9%81-%D8%A7%D9%84%D8%B9%D9%84%D9
- iraqbritainbusiness.org/member/trade-bank-of-iraq
- adgm.com/public-registers/fsra/firms/financial-firms/trade-bank-of-iraq-170009
- en.wikipedia.org/wiki/Trade_Bank_of_Iraq
Leadership
Researched 29 Sep 2026 · Sources
- Chair & chief executive
- Ali Abdul Ridha Hasan Alalwan President; Acting President and Chairman of the Board of Directors
- Executive
- Mustafa Mohammed Ali Maatoq Secretary of the Board
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- Iraq
- Central Bank of Iraq Central bankPrudential supervisorAML supervisor
Recent events
Researched 29 Sep 2026 · Sources
-
Leadership
The Prime Minister of Iraq assigned Ali Abdul Ridha Hasan Alalwan as president of the bank and chair of its board on 18 August 2026.
iraq-businessnews.com ↗ -
Other
KPMG issued a qualified audit opinion on the bank's 2023 consolidated statements, citing unreconciled cash margins and insufficient evidence on the retail portfolio.
tbi.com.iq ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- TRIQIQBAXXX
- How the BIC breaks down
- TRIQBank
- IQCountry · Iraq
- BALocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 549300VKTRXFIL5RTO92
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Profile
- Type
- Financial institutionClassified as a financial institution in Swift’s ISO 9362 BIC directory, with no licence on a tracked register. This includes banks that neither the ECB nor the FSB lists, as well as brokers, fund managers, insurers and market infrastructure.
- Regulation
- Not on a tracked registerNo licence or registration was found for this entity on the registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- Iraq · Middle East & North Africa
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- Targeted listings only OFAC + EU
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
Ownership and group
GLEIF relationship records
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
Addresses
- Registered address
- BUILDING NO.11 AL RASHEED ST. BAGHDAD 12043 IRAQ
- Operational address
- AL RASHEED ST. , BUILDING NO.11 BAGHDAD 12043 BAGHDAD IRAQ
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>TRIQIQBAXXX</BICFI>
<LEI>549300VKTRXFIL5RTO92</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>TRIQIQBAXXX</BICFI>
<LEI>549300VKTRXFIL5RTO92</LEI>
<Nm>TRADE BANK OF IRAQ</Nm>
<PstlAdr>
<TwnNm>BAGHDAD</TwnNm>
<Ctry>IQ</Ctry>
<AdrLine>BUILDING NO.11 AL RASHEED ST. BAGHDAD 12043</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: tbi.com.iq (official website) · original.
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