Industry: Banking & Finance
Company: Commercial Bank of Iraq
The Commercial Bank of Iraq holds the honour of being the first bank to partner with MasterCard International to issue credit and debit cards across the conflict-ravaged nation.
And despite facing unimaginable hardships, the institution is growing from strength to strength.
Established in February 1992 as a full fledged commercial bank, it is today the largest private bank in Iraq with a wide network of branches.
It also boasts a strategic alliance with Ahli United Bank, which acquired a 49 percent stake in the Commercial Bank of Iraq in December 2005.