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NBIRQ National Bank of Iraq : Trade Finance & Credit Facilities

Name of the Organization : National Bank of Iraq
Type of Facility : Trade Finance & Credit Facilities
Country : Iraq

Official Website : http://www.nbirq.com/node/72

Trade Finance & Credit Facilities :

Letters of Credit :
NBI guides our clients’ trade transactions through the extension of indirect credit in the form of L/Cs – the most common arrangement used by global banks for settling international commercial transactions – and ensures that the transactions are carried out in accordance with international terms and regulations.

Related : National Bank of Iraq Opening Personal Accounts : www.statusin.org/5652.html

Letters of Guarantee :
We offer tailor-made bank guarantees to suit your business needs.

Overdraft :
NBI offers clients a credit line that is linked to their working capital account, and accepts drafts drawn on other banks in all major currencies.

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Corporate Loans :
Through our dedicated corporate team, we can help you identify your financing needs, advise you on how to best meet them and help you benefit from the growing opportunities in the Iraqi market. We offer loans, notes, bills and overdraft accounts.

Regular transfers and standing orders to single or multiple recipients :
** Easily transfer funds between accounts with NBI in the different governorates including between Erbil, Baghdad, and Basra.
** Easily transfer funds to account with other banks in Iraq.
** Easily transfer funds between NBI and Jordan through Capital Bank.
** Easily transfer funds between NBI and the rest of the world with the added security of using Capital Bank as a gateway to the world.

Standing orders to multiple employee accounts :
To facilitate disbursement of salaries to your staff in Iraq, employees can open their accounts with NBI and you can transfer their salaries as regular monthly standing orders directly from your account at Capital Bank Jordan or NBI. We offer competitive rates for this service depending on the number of employee accounts receiving funds and the frequency of transfers.To facilitate disbursement of salaries to your staff in Iraq, employees can open their accounts with NBI and you can transfer their salaries as regular monthly standing orders directly from your account at Capital Bank Jordan or NBI. We offer competitive rates for this service depending on the number of employee accounts receiving funds and the frequency of transfers.

About Us :
The National Bank of Iraq (NBI) was founded in 1995 as a publicly traded, private sector company, offering comprehensive banking services to individuals and businesses in Iraq. As a result of the Bank’s success and to fuel future growth, its paid up capital was increased from the initial 400 million IQD (USD 361,000) to IQD 250 billion (USD 215 million) in December 2013.

In 2005, Capital Bank Jordan acquired majority shares (61.85%) in the Bank, allowing NBI to evolve its business offerings, strengthen its global footprint, and promote financial inclusion across the country.

Contact Us :
National Bank of Iraq,
Head Quarter building, Saadoon St.
Near Al- Ferdous Square
Baghdad

Tags: nbirq.com
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