North Bank: Leading Bank in Iraq and Iraqi Kurdistan
View an exclusive interview with the leading private bank in Iraq and the Kurdistan Region of Iraq – North Bank.
North Bank started off in 2003 as a family business. According to the Chairman Al-Jaff, “We came from a Kurdish domain family and we had the idea of opening a bank after the changes in Iraq in early 2003. We decided at that time to start this venture and we first licensed and opened North Bank in April 2004.”
Since then North Bank has had a very strong record of growth; it has increased the capital by more than 100 times in the past four years. North Bank is today the number one bank in the whole of Iraq in terms of total assets, by a far distance from the second closest bank. According to the records for the third quarter of 2012, North Bank has more than 1,374 billion Iraqi dinars in assets which is a little more than US $1.1 billion.
Read more about banking in Iraq and banks in Iraq.