Rasheed Bank

Overview

Rasheed Bank is Iraqi state-owned commercial bank + Iraqi government Ministry of Finance fully owned + Iraq's second-largest state commercial bank by assets + branches + founded May 14 1988 in Baghdad Iraq via spin-off of Rafidain Bank retail commercial banking arm [1, iq-cro].

History

May 14 1988 — Rasheed Bank Masraf al-Rasheed founded in Baghdad Iraq via spin-off of Rafidain Bank retail commercial banking arm under Ba'athist Iraqi banking modernisation distinctive Iraqi banking heritage.

2014 — Rasheed Bank Mobile banking app launch.

Ownership & operator

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

Major shareholders: Iraqi government Ministry of Finance fully owned.

Regulators: Central Bank of Iraq CBI.

Technical integration

Rasheed Bank Mobile app (Android primary) + rasheedbank.gov.iq online + Rasheed Bank branch network across Iraq + Rasheed Visa + Mastercard cards; EMVCo QRCPS QR payments + Iraqi Dinar IQD domestic transfers.

Implementations & partners

Major Iraqi banking + payments competitors: [[rafidain-bank]] (Rafidain Bank Masraf al-Rafidain; Iraqi state-owned commercial bank; Iraq's largest commercial bank by assets + branches) + [[iraq-trade-bank]] (Trade Bank of Iraq TBI; Iraqi state-owned commercial bank) + [[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 second-largest state commercial bank by assets + branches + founded May 14 1988 in Baghdad Iraq via spin-off of Rafidain Bank retail commercial banking arm [1, 2].

Sources

• 1 Rasheed — official
• 2 Rasheed — Wikipedia
• iq-cro In-corpus: reports/countries/IQ-iraq.md

Source

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