Gulf Commercial Bank

Gulf Commercial Bank is an Iraqi commercial banking institution headquartered in Baghdad. It was incorporated in 1999 as a private joint shareholding company under Iraq's Companies Law No. 21 of 1997, with an initial fully paid capital of 600 million Iraqi dinars. The bank began banking operations through its main branch in April 2000 after receiving a banking licence from the Central Bank of Iraq. Its regulatory and corporate history therefore spans the period in which Iraq's banking sector was operating under the Companies Law and the former Banking Law No. 64 of 1976. The bank's business is focused on commercial banking in the Iraqi domestic market. Public reference material identifies Gulf Commercial Bank as maintaining branches in Baghdad, Basrah, Najaf, Karbala, Diwaniyah, Babylon and Erbil, giving it a presence in several of the country's principal population and commercial centres. The available description does not provide a detailed breakdown of its retail, corporate, treasury, trade-finance or digital-banking products, so those offerings should not be inferred beyond the bank's general commercial-banking role. Following its establishment, the company's incorporation documents were amended several times to increase its capital. The final increase cited in the available historical account was completed through procedures at the Companies Registrar in November 2014, with the related accounting records entered in December of that year. The source describes the bank as continuing its banking business under the supervision and licensing framework of the Central Bank of Iraq. Gulf Commercial Bank is best understood as a domestic Iraqi bank rather than an international banking group. Its brand positioning is centered on providing banking services through a locally distributed branch network. Publicly available reference material is limited: it does not establish a founder, parent company, listed ticker, current executive team, detailed product architecture, or verified current website. Consequently, the bank's precise ownership structure, current financial scale and present-day operating status require confirmation from current Iraqi regulatory or corporate disclosures.

Gulf Commercial Bank was established in Iraq as a private joint shareholding company. Its incorporation certificate, identified as CR/7002, was issued by the Companies Registrar on October 20, 1999, under Companies Law No. 21 of 1997, as amended. At formation, the bank had fully paid capital of 600 million Iraqi dinars. The institution entered active banking operations through its main branch on April 1, 2000. Before commencing those activities, it obtained a banking licence from the Central Bank of Iraq. The historical account associates the licence with the former Iraqi Banking Law No. 64 of 1976 and identifies the licence reference as B.C 9/3/115, dated July 2, 2000. The cited dates indicate that incorporation preceded the formal licensing documentation associated with its banking activity. Over the following years, the bank's incorporation agreement was amended on several occasions to increase its capital. The final increase mentioned in the available account was completed after procedures conducted with the Companies Registrar in November 2014. The registrar's referenced correspondence was dated November 7, 2014, and the associated accounting records were entered on December 12, 2014. The source reports a final stated capital figure of 300,000 billion Iraqi dinars, although the wording and unit presentation should be checked against the original corporate records before being used as a verified financial figure. The bank's operational footprint has been described as extending across 12 branches located in Baghdad, Basrah, Najaf, Karbala, Diwaniyah, Babylon and Erbil. This network places the institution in several major Iraqi urban and regional markets, while its headquarters remain in Baghdad. The available material presents Gulf Commercial Bank as a domestic commercial bank and does not document international subsidiaries or operations outside Iraq. The public record supplied for this entry does not identify a founder, current or former chief executives, controlling owner, parent company, listing status or current financial statements. It also does not provide a detailed chronology of product launches, acquisitions, advertising campaigns, litigation, regulatory sanctions or other corporate controversies. The bank's historical identity is therefore principally defined by its Iraqi incorporation, commencement of licensed banking activity in 2000, successive capital amendments and branch expansion within Iraq.

• 2014

  Capital increase procedures completed

  [1]Gulf Commercial Banken.wikipedia.org

  The bank completed a further increase to its corporate capital through procedures recorded by the Companies Registrar on November 7, 2014. Related accounting records were entered on December 12, 2014.

• 2000

  Commencement of banking operations

  [1]Gulf Commercial Banken.wikipedia.org

  The bank began operating through its main branch on April 1, 2000, in connection with its authorisation to conduct banking business in Iraq.

• 2000

  Central Bank of Iraq licence

  [1]Gulf Commercial Banken.wikipedia.org

  The historical account records a banking licence issued by the Central Bank of Iraq under reference B.C 9/3/115, dated July 2, 2000.

• 1999

  Incorporation as an Iraqi private joint shareholding company

  [1]Gulf Commercial Banken.wikipedia.org

  Gulf Commercial Bank was incorporated under Iraq's Companies Law No. 21 of 1997. Its incorporation certificate was issued by the Companies Registrar on October 20, 1999, with fully paid initial capital of 600 million Iraqi dinars.

A domestic Iraqi commercial bank serving customers through a branch network in Baghdad and other major Iraqi cities.

• Commercial banking · 2000

  Commercial banking services

  The bank's documented core activity is commercial banking in Iraq. Public reference material confirms the institution's licensed banking role but does not provide a sufficiently detailed catalogue of individual accounts, credit products, payment services or treasury offerings.

• Branch-based banking

  Branch banking network

  Gulf Commercial Bank has been described as operating 12 branches across Baghdad, Basrah, Najaf, Karbala, Diwaniyah, Babylon and Erbil. The network represents the principal publicly documented channel through which the bank serves its Iraqi market.

1. 1Gulf Commercial Banken.wikipedia.org
2. 2Gulf Commercial Bank branch information archived by the Internet Archiveweb.archive.org