U I B I C

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MAZAD (BAGHDAD BRANCH ONLY)


If you have imported goods and want to pay for them in US dollars, UIBIC provides you with the right solution.
UIBIC offers companies the opportunity to participate in foreign exchange auctions*, also known as ‘Mazad’, which allows them to buy US dollars at preferential rates in exchange for evidence of import and transaction receipts.
SThis service is available in Baghdad branch only and is subject to the Central Bank of Iraq’s rules and regulations.
*Terms and conditions apply

ACCOUNT OPENING FOR ENTITIES UNDER CONSTITUTION


Accounts under the name of a company under constitution can be opened at the bank provided that the final official documents of the company duly registered at the Commercial Registry are remitted to the bank.

SALARY DOMICILIATION


If you are a well established company active in the private or public sectors, UIBIC allows you to streamline salary payments by paying your employees’ salaries through direct electronic funds transfer into each employee’s own account at UIBIC.
This free-of-charge service will not only reduce the risks associated with handling large amounts of cash or cheques but will also help in cutting down on your overhead expenses. With this service, you will most importantly provide your employees with preferential treatment and benefits once their salaries are domiciled at UIBIC
You can apply for this service by visiting any of the UIBIC branches, where customer service representatives are ready to provide assistance.