Welcome to UBI

Banking Services for Individuals and Businesses

Looking for a reliable bank in Iraq that offers a range of financial services to both individuals and businesses? Look no further than UBI!
ubi meeting

About Us

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.

What We Provide

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.

Welcome to UBI

UBI Services

Open current accounts and savings / individuals

Benefits of saving 8% in dinars 2% in dollars.

Open current accounts and savings / companies

Benefits of saving 8% in dinars 2% in dollars

Accept deposits of all kinds and all currencies

6 months 9 percent || one year 10 percent

Issuing internal and external letters of guarantee

Entry tender and operational and good execution

Issuing approved instruments and Sufaj

Dinars and dollars in government departments and others

External conversion and all over the world

The department transfers the amounts abroad in foreign currency

Our Banking Facilities

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!

We take on the dreams and endeavor to achieve them

We Have Got Your Covered

Bank Interests

Bank interests over customers deposits in Dinars & US Dollar

Work Strategy

Away from the banks' performance and success which is followed according to a well-advised strategy developed continually.

Career

You can apply here for job

Contact Us

You can contact us by filling the form
Offer Brokerage Services

Buying & Selling Foreign Currencies Through Entry

Moreover, UBI facilitates the buying and selling of foreign currencies through entry. The bank sells the dollar through the currency sale window in the Central Bank of Iraq, according to Central Bank regulations. Customers must present a valid passport and travel card to buy the dollar. The bank also offers its services to banking and commercial companies, requiring different documents such as a commercial contract, certificate of origin, import license, customs clearance, and tax clearance.
Welcome to UBI

Our Bank's Strategies and Ambition

In addition to our bank’s successful performance, which is based on a deliberate and constantly evolving strategy, we prioritize being close to our customers by expanding our branch network to provide banking services. We plan to open branches in Sulaymaniyah, Dohuk, Nineveh, Salahuddin, Kirkuk, Babylon, Muthanna, and other areas of Baghdad. Our bank’s career is built on several principles, including:
Our News

Latest News

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

Read More »