Financial Inclusion
To promote a culture of financial inclusion, Union Bank of Iraq is launching an initiative, the first of its kind.. Inviting its valued customers to
- info@unionbank.iq
Iraqi Union Bank – Annual General Assembly Meeting 2025
On Saturday, September 13, 2025, Iraqi Union Bank held its Annual General Assembly Meeting at the Iraqi Business Council Hall, in the presence of Chairman representatives from the Central Bank of Iraq, the Securities Commission, the Companies Registrar, shareholders, and senior bank management.
we are emphasized the critical role of private banks in supporting Iraq’s economy and praised the efforts of the Central Bank in driving banking sector reform.
Key resolutions approved during the meeting include:
Approval of the Board of Directors’ reports, final accounts, and auditor’s reports for 2023 and 2024.
Election of a new Board of Directors for the term 2025–2028.
Appointment of Mr. Samer Fares Dababneh as the new Managing Director.
Appointment of the external auditor and audit committee for 2025.
Approval of dividends and transfer of the expansion reserve to retained earnings.
Authorization of the Board to implement banking sector reforms in line with the Central Bank’s initiative in collaboration with Oliver Wyman.
At the conclusion, we are expressed his gratitude to all shareholders and attendees for their continued support and active participation.
Established in 2002, Union Bank of Iraq is a private joint-stock company headquartered in Baghdad, Iraq. With a current capital of 252 billion Iraqi dinars, the bank is licensed by the Central Bank of Iraq to provide a range of financial services to individuals, companies, and institutions.
We have ten branches across Iraq, including Erbil, Basra, Najaf, Karbala, Dhi Qar, Maysan, Wasit, Qadisiyah, Diyala, and Anbar. Our goal is to provide the finest financial services to our customers, including consulting, wealth management, loans, and private customer services. We also offer corporate banking benefits, including domestic and foreign services, structural and commercial financing, and more.
At UBI, we provide a wide range of banking services to help you manage your finances with ease. Whether you’re an Iraqi citizen or a foreigner, we offer current accounts, saving accounts, and accept deposits in both Iraqi and foreign currencies.
We also offer local transfers and bills, as well as incoming and outgoing international transfers in US dollars and other foreign currencies. As a broker, we can assist you in selling and purchasing foreign currencies, and we offer internal and external guarantee letters for all purposes.
Our banking facilities include short and medium-term loans in both Iraqi and foreign currencies, and we can also buy drawn deeds on local bank branches inside and outside Baghdad city. Additionally, we can issue credit letters according to Iraqi trade law and international norms in their latest versions.
At UBI, we pride ourselves on providing our customers with the best possible service. That’s why we also offer brokerage services for buying and selling stocks inside and outside Iraq.
Choose UBI for all your banking needs. Contact us today to learn more about our services!
To promote a culture of financial inclusion, Union Bank of Iraq is launching an initiative, the first of its kind.. Inviting its valued customers to
The Director of the Money Laundering Reporting Department at the Union Bank of Iraq, Mrs. Azra Nazim, obtained an approved certificate of competence in combating
The Central Bank of Iraq, the Basra governorate branch, valued the participation of the Union Bank of Iraq branch in the governorate in the activities