Gulf Commercial Bank is a Private Joint Shareholding Company incorporated under the in Corporation Certificate no. CR / 7002 dated 10/20/1999 issued from Companies Registrar according to Companies Law No. (21) for 1997 (amended ) with a capital of (600) million Iraq dinar Fully paid, the Gulf Commercial Bank Started Banking business through the main branch on 1/4/2000 after receiving banking licence issued from Central Bank of Iraq with the Number B.C 9/3/115 dated 02.07.2000 according to its law No. (64) for 1976 ( canceled ) to Bract ice its banking business, the in Corporation contract had been amended by increasing the bank capital several times to finally reach (300,000) billion Iraqi dinar after the legal procedures completed on 07.11.2014 by companies registrar according to their letter no. 26790 dated 07.11.2014 the accounting records had been recorded on 12/12/2014, after reusing the deposit y the Central Bank of Iraq.
Deploying the citizens’ national funds and investing them in various investment and commercial banking business areas in accordance with the prevailing laws and instructions with a view to achieve the bank’s objectives in promoting the country’s economic development and construction progress through the following:
To become the leading bank in the Iraqi banking sector through providing outstanding sophisticated modern and comprehensive banking services delivered by simple means, in a timely manner and at the highest levels of transparency, credibility and efficiency to wide segments of society in order to contribute to a sustainable economic development.
In order to develop the skills of human resources that work in private banks and rehabilitate them in all aspects of banking field, the Banking Training Center had opened in Gulf Commercial Bank on 12/01/2010 by the chairman, members of the board and the executive management the center could be a solid cultural training institution through its various activities