The Bank of Baghdad, is a major Iraqi bank. It was established in 1992.
History The bank was established on December 18, 1992, following a crucial amendment to the Central Bank of Iraq Law that allowed for the creation of private commercial banking entities.
In 2005, Bahraini United Gulf Bank (UGB) and the Iraq Holding Company acquired a majority stake in the bank.
In 2009, Kuwaiti Burgan Bank acquired UGB's stake, increasing its share to 51.8%.
The Bank of Baghdad opened its first branch in Beirut, Lebanon in 2012.
In early 2023, Jordan Kuwait Bank acquired Burgan Bank stake.
See also Economy of Iraq Central Bank of Iraq
References
External links Official Website Official Iraq Stock Exchange homepage IraqiXchange - Iraqi Market Research