The Bank shall exercise its objectives in accordance with the provisions of its Law
No.22 of 1991 as amended and the laws, regulations and instructions in force as
follows:
* Granting loans to fixed assets for industrial projects to be paid on dates
determined by the contract of the loan and provided that the loan period and its
vestments (5-7 years)
*Participate in the establishment of industrial companies after ascertaining their
economic feasibility and carrying out the procedures of establishing and
subscribing to the industrial companies contributing according to the companies
Law.
* contribute to the development of plans and curricula for industrial development
with the concerned authorities
*Prepare economic feasibility studies for industrial projects that can promote the
economic development of the country and submit proposals thereon to the
concerned sectors
*Advising the industrial sector in its field of specialization
*Conduct all commercial banking activities carried out by commercial banks
*Conduct tenders and bids and enter into various undertakings with other
economic and financial sectors of Iraq and foreign in the country and accept the
agencies and the sign various contracts and the practice of all transactions alone or
for its own benefit or through the participation with others and make all
actions that it deems necessary for the implementation of its purposes and on the
conditions it desires
*investment of cash surpluses to contribute to or participate in joint ventures with
joint stock companies in carrying out activities related to objectives inside or
outside the country after obtaining necessary approvals
*conduct legal transactions and conclude contracts that it deems appropriate for its
business
*To do any other work that is included in activities or facilitates the achievement
of these purposes in accordance with the laws, regulations and instructions in
force.