The European Bank for Reconstruction and Development (EBRD) has signed a $75 million trade finance agreement with Al Mansour Bank for Investment (MBI), one of Iraq’s major private banks.
The funding is being provided through the EBRD’s Trade Facilitation Programme and will support MBI’s trade finance operations. The facility will offer guarantees and cash advances to help manage political and commercial payment risks linked to international import and export transactions.
The EBRD said the agreement will help Al Mansour Bank strengthen its relationships with international banks and increase access to trade finance for Iraqi businesses. This includes support for small and medium-sized companies working in sectors such as agriculture, construction, manufacturing, and consumer goods.
In addition to the funding, MBI will receive technical support and training from the EBRD. This will include advisory services, online learning programs, and workshops focused on compliance, fraud prevention, and risk management.
Al Mansour Bank for Investment was established in 2006 and is majority owned by Qatar National Bank Group. The bank currently operates eight branches across Iraq and provides a range of services including retail banking, corporate banking, trade finance, and treasury services.
The EBRD started its operations in Iraq in September 2025, with a focus on supporting private businesses, improving access to finance, and encouraging entrepreneurship across the country.
