Bank of Baghdad
 | |
| Type | Private bank |
|---|---|
| ISX: BBOB | |
| ISIN | IQ000A0M7SY8 |
| Industry | Banking |
| Founded | 1992 |
| Headquarters | , |
Number of locations | 36 |
Key people | Usam Sharif (Chairman) Youssef A Nasr (CEO) |
| Products | Financial services |
| Revenue | IQD 215 billion (2025) (USD 164 million)[1] |
| IQD 324 billion (2025) (USD 247 million)[1] | |
| Total assets | IQD 2,89 billion (2025) (USD 2,2 billion)[1] |
| Total equity | IQD 703 billion (2025) (USD 537 million)[1] |
| Owner | Jordan Kuwait Bank (51%) |
Number of employees | 1153 (2025)[1] |
| Website | www |
The Bank of Baghdad, is a major Iraqi bank. It was established in 1992.[2]
History
The bank was established on December 18, 1992, following a crucial amendment to the Central Bank of Iraq Law that allowed for the creation of private commercial banking entities.[3]
In 2005, Bahraini United Gulf Bank (UGB) and the Iraq Holding Company acquired a majority stake in the bank. [4]
In 2009, Kuwaiti Burgan Bank acquired UGB's stake, increasing its share to 51.8%.[5]
The Bank of Baghdad opened its first branch in Beirut, Lebanon in 2012.[6]
In early 2023, Jordan Kuwait Bank acquired Burgan Bank stake.[7]
See also
References
- 1 2 3 4 5 "Bank of Baghdad Annual Report 2025" (PDF).
- ↑ "Bank of Baghdad". Retrieved 2008-12-13.
- ↑ "Bank of Baghdad share increase 88% In last 12 months". Financial Afrik. 2022-09-23.
- ↑ "Our History". Bank of Baghdad.
- ↑ "Burgan Bank becomes majority shareholder in Bank of Baghdad". MEED. 2010-11-01. Archived from the original on 2020-10-26.
- ↑ "Bank of Baghdad opens branch in Lebanon". Archived from the original on 2012-10-07.
- ↑ "Burgan Bank's Stake Sale In Bank Of Baghdad To Jordan Kuwait Bank Gets Iraq's Approval". Forbes ME. 2022-09-21.