Al Shamal (North) Bank privileged of a full record of distinguished relations with its Clients from companies and institutes inside and outside Iraq at all business sectors, it seeks to present all commercial services to exporters and importers which fit their needs, it keens to present an integrated group of distinguished international banking services of highly efficiency in foreign Trade as following:

  Documental credits: docuDocumental credits: documental credits represents a financial commitment issued by the Bank in accordance to the demand of the buyer (importer), the Bank guarantees the imported goods payment for the seller (exporter) after assuring of achievement of agreed conditions prescript  in the documental credit. A documental credit contains normally, goods descriptions, determination of necessary documents and instruments should be presented at payment, date of goods shipment, credit period. Therefore documental credit considers an effective mean to reduce international trade risks for both parties (buyer and seller). Below a table show credits have been done by the Bank by Years:

Please read the table below and check accuracy of required information before delivery.
Credit Application

  Letter of Credit: Letter of Credit is a pledge issued by the Bank in accordance to a request and authorization of its Client (Payer) to pay a fixed amount or Bank during a period fixed in the Letter without putting restrict or condition to cease the payment. Thereon, the Bank which issued the Credit Letter is committed to pay the amount to beneficial whenever he/she demands during the fixed period in the Letter. Below a table shows details of Letter of Credits which have been done by the Bank by Years:

  Foreign Transfers: The Bank seeks to present best services to its Clients by transferring foreign currency amounts outside Iraq for paying values of goods or services provided by foreign exporters to Iraqi importers and proceeding vary of transfers for companies and individuals in accordance to foreign transfer instructions of central bank of Iraq and money laundry act, also receiving outside transfers for the benefit of the Client. Below a table shows details of Letter of Credits which have been done by the Bank by Years:

Please read the table below and check accuracy of required information before delivery
Transfer Application

  SWIFT System: Dear Client, Al Shamal (North) Bank Baghdad/Iraq is pleased to declare its participation in SWIFT System anstarting  to  work with our correspondents outside Iraq in accordance to the global system replying the needs of the Bank towards its Clients' demands and covering all types of letters and foreign transactions which are:

• Foreign sent and received Transfers
• Documental Credits
• Foreign Letter of Credits
• Transactions of Financial Institutions

We would like to draw your attention, this system is highly secured with low costs, and there is no possibility for delay of exchanging transactions.
Al Shamal (North) Bank is pleased to declare to its Honorable Clients its readiness to receive foreign transfers into their accounts from all over the world through our accounts of Correspondents, coincide with presenting its services to do transfers to beneficial outside Iraq due to the demands of Clients for importing goods and commodities and paying their outside financial commitments.