Trade Bank of Iraq (TBI) has been recognised for its continued commitment to accelerating economic growth with the award of ‘Best Trade Finance Bank in Iraq 2019’ at the Global Finance Magazine Award ceremony in London.
The editorial review board of the globally renowned publication, selected TBI based on input from industry analysts, corporate executives and technology experts. Its criteria for choosing TBI included transaction volume, scope of global coverage, customer service, competitive pricing and the Bank’s innovative technology.
Faisal Al Haimus, Chairman & President of Trade Bank of Iraq, who received the award at the ceremony in London said: “The award granted by Global Finance is yet another recognition of TBI's achievements in lifting the economy and its efforts to offer the best in financial services.
“This award further reiterates the growing global credibility we have garnered over the last couple of years through our strategic partnerships.
“Our presence in the Middle East and the strategic relationships we have developed have been an important step in attracting more investments into Iraq and a source of confidence in the Bank's long-term strategy, which focuses on contributing to the continued development and economic growth of Iraq.”
TBI was established in July 2003 with the aim of helping in the reconstruction of Iraq by facilitating international trade and continues to be at the forefront of large-scale infrastructure developments across the country.
The institution’s financial network and expertise plays a significant role in sourcing and securing funding for projects. It established its first international office in the UAE in 2017 and has since signed several agreements with entities such as GE, Standard Chartered Bank, Commerzbank and Mashreq.
Faisal Al Haimus added: “TBI has been supporting the flow of trade between Iraq and the rest of the world. We leverage the relationships we have forged in the recent years to provide tailor made Trade Finance solutions to our clients.”