Kurdistan International Bank was set up in this new environment and started operations in 2005. It is one of the leading banks and it is a pioneer. It is the biggest bank in the Kurdistan region and is one of the major banks, if not the second bank of Iraq as a whole.
We expanded rapidly in terms of deposits and in all aspects of the financial sector: profitability, growth and capital. Last week we doubled our capital from 150 billion Iraqi dinars to 300 billion Iraqi dinars. The requirement from the Central Bank is 250 billion Iraqi dinars………………………………………..Full Article: Source