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ABOUT THE BANK
Welcome to RASHEED BANK Website. We hope that your visit will be fortunate and successful in gaining information put by the Bank at your disposal.

Rasheed Bank h d been established under (Law #52, 1988) and subjected to State Companies’ Law (#22,1997). On 4.Dec.2001 its capital became 2 billion Iraqi Dinar. Rasheed Bank aims at contribution in supporting national economy through creating jobs it performs as they are represented by the following:
1- Comprehensive commercial banking.
2- Investing funds locally and abroad.
3- Financing all economic sectors according to development plans.
4- Providing banking services in the area of internal transactions of current and saving accounts, fixed deposits, making loans and micro loans (in Iraqi Dinar and foreign currencies) and credit facilities for individuals and corporations.
The Bank also provides its services of various foreign transactions of opening documentary credits, collecting bills, issuing LGs and making foreign exchange to and from Iraq.
The Bank performs its business in the framework of laws and regulations valid in Iraq. Its business and accounts are subject to the auditing of the Supreme Audit Board.
The Bank has (138) branches: (61) in Baghdad and (77) in the rest of the governances. The Headquarters of the Bank has (13) departments and (56) divisions.The Bank has (13) branches in Kurdistan Region governances.
The Bank has yearly plans. It works on their implementation and has a strategic plan whose marked elements are:
- The Bank is about to make fundamental reforms concerning restructuring of all its parts.
- Plans to train human resources.
- Providing new banking services including Islamic banking.
- Integrated banking IT system.
- Bank communication net.
- Introduction of modern office means.
- Expanding establishment of banking relationships abroad.
- Opening new branches locally and abroad.