The bank was established in 2011, and since then it has been working hard to rebuild Iraq; by financing a wide range of mega projects in various economic sectors.
The total value of loans and credit facilities granted exceeded $375 million.
It is noteworthy that the bank contributed to the initiative to finance small and medium enterprises identified by the Central Bank of Iraq; and it continues to finance many projects that fall under this category.
Investors and entrepreneurs can obtain large loans for their large projects from the International Development Bank. The bank studies the feasibility of the project, looks at its cash flows, and then grants the appropriate loan.
If the bank is unable to provide the required financing, it collects funds from other lending banks; thus, a partnership is formed between these banks, which increases the chances of obtaining loans and reduces the amount of risk.
