Banking facilities are the framework in which the bank provides financial services to its corporate clients. Banking facilities are considered the most effective means that companies need to achieve their objectives. These services include

1. Banking services:

A- transactions divided into two parts: -
* inward remittances consist of (outgoing and incoming remittances) the process of transferring the money is done among the accounts of our customers inside Iraq and by (RTGS) or (CT), the currency could be in both (Iraqi dinar and dollar).
* Outward remittances consists of (outgoing and incoming remittances) the process of transferring the money is done among the accounts of our customers outside Iraq, the currency could be in both (Iraqi dinar and dollar).

This service requires: -

  • Filling in the transference form.
  • Company Seal
  • Customer’s tax obligation/ clearance.
  • bills 
  • When the transfer amount exceeds $ 10,000 or 15 million Iraqi Dinars, the customer must provide supporting documents and fill out KYC form.

B- AL Saftaja

Issuing of Saftaja cheques for our customers as well as for walk- in customers to pay for both (governmental and private) offices.

This service requests

  • Fill out the application form to issue the saftaja by the authorized director of the company.
  • Company stamp.

 The required documents + passport (for non customers).

2. Commercial services

A- Letters of guarantee
Is a type of contractual credit issued upon the request of the client to the beneficiaries (for governmental, private, internal and external authorities).

This service requires: -

  • A written request must be completed (the authorized director of the company)
  • fill in the application form for issuing LG
  • Issuing a guarantee letter.
    • the contract of LG’s issuance

B-Letter of credits
it is a written contract issued by the sending bank (s), based on the request of the buyer (the applicant or the person in command or the importer) for the benefit of the seller (beneficiary) through the receiving bank (the notifier).

This service requires: -

  • LC’s application form filled by the customer.
  • Import license
  • tax obligation/ clearance.
  • Baghdad Chamber of Commerce identity
  • Importer ID and initial invoice
    • Proposal and financial statement

3. Financing Services

  • Short-term loans
  • Medium Term Loans
  • overdraft
  • capital financing