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Rafidain Bank

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Overview

Rafidain Bank is Iraqi state-owned commercial bank + Iraqi government Ministry of Finance fully owned + Iraq's largest commercial bank by assets + branches + founded May 19 1941 in Baghdad Iraq as Iraq's national commercial bank [1, iq-cro].

History

May 19 1941 — Rafidain Bank Masraf al-Rafidain founded in Baghdad Iraq as Iraq's national commercial bank under Kingdom of Iraq banking modernisation distinctive Iraqi banking heritage as Iraq's oldest national commercial bank.

1964 — Rafidain Bank nationalised under Ba'athist Iraqi banking nationalisation as state-owned commercial bank.

2014 — Rafidain Bank Mobile banking app launch.

Ownership & operator

Operating entity: Rafidain Bank Masraf al-Rafidain (Iraqi state-owned commercial bank).

Major shareholders: Iraqi government Ministry of Finance fully owned.

Regulators: Central Bank of Iraq CBI.

Technical integration

Rafidain Bank Mobile app (Android primary) + rafidain-bank.gov.iq online + Rafidain Bank branch network across Iraq + UAE + Bahrain + Jordan + Egypt + Yemen + UK + US international branches + Rafidain Visa + Mastercard cards; EMVCo QRCPS QR payments + Iraqi Dinar IQD domestic transfers.

Implementations & partners

Major Iraqi banking + payments competitors: [[rashid-bank-iraq]] (Rasheed Bank Masraf al-Rasheed; Iraqi state-owned commercial bank; Iraqi government Ministry of Finance fully owned; Iraq's second-largest state commercial bank) + [[iraq-trade-bank]] (Trade Bank of Iraq TBI; Iraqi state-owned commercial bank; Iraqi government Ministry of Finance fully owned) + [[bank-of-baghdad]] (Bank of Baghdad; Iraqi commercial bank) + [[national-bank-iraq]] (National Bank of Iraq NBI; Iraqi commercial bank; Capital Bank of Jordan parent ~63%+ controlling).

Regulators: Central Bank of Iraq CBI.

Status

Active, Iraqi state-owned commercial bank + Iraqi government Ministry of Finance fully owned + Iraq's largest commercial bank by assets + branches + founded May 19 1941 in Baghdad Iraq as Iraq's national commercial bank [1, 2].

Sources

Source

Biography extracted from rafidain-bank.md. See matrix.md for standards-support matrix if present.

source · docs/wallets/rafidain-bank/index.md