The Industrial Agricultural Bank was established in 1935 and then became an industrial development bank in 1946 in order to develop the national industry sector in Iraq by supporting the private and mixed sectors.
The Bank contributed to the establishment of many industrial companies that formed the national industry structure for the mixed industrial sector .it has gained its importance in the development of the national economy.
The Bank shall exercise its objectives in accordance with the provisions of its Law No.22 of 1991 as amended and the laws.