Cash credit
Loan & credit account
The Bank provides loans and credit accounts for individuals and Companies based on the submitted application for various purposes and according to instructions.
SME Loans
These are contribution loans from the Central Bank of Iraq for the development of economic projects in Iraq.
Pledge credit
Letter of guarantee (LG)
The letter of guarantee shall be internal or external and according to the customer’s request and purpose.
Letter of credit (LC)
A written commitment to pay, by a buyer’s or importer’s bank (called the issuing bank) to the seller’s or exporter’s bank (called the accepting bank, or paying bank).
A letter of credit guarantees payment of a specified sum in a specified currency, provided the seller meets precisely-defined conditions and submits the prescribed documents within a fixed timeframe.