Kurdistan International Bank: Deposits, Profitability and Compliance

Bustam A. Al-Janabi, Managing Director (CEO) of Kurdistan International Bank, one of the Islamic banks in Iraq, talks about Kurdistan International Bank (KIB).

Kurdistan International Bank was set up in a new environment and started operations in 2005. It is a pioneer. It is the biggest bank in the Kurdistan region and one of the major banks in Iraq – if not the second largest bank of Iraq as a whole. KIB expanded rapidly in terms of deposits and in all aspects of the financial sector: profitability, growth and capital. Kurdistan International Bank recently doubled their capital from 150 billion Iraqi dinars to 300 billion Iraqi dinars. The requirement from the Central Bank is 250 billion Iraqi dinars.

Mr. Al-Janabi also explains the latest technology trends implemented in the bank.
Read more about banking in Iraq and banks in Iraq and islamic banks in Iraq.