Important News
A. Capital Increase to 400 Billion IQD
In line with the Central Bank of Iraq’s (CBI) directives to enhance financial stability and banking sector resilience, OPI Bank is officially preparing to increase its capital base to 400 billion Iraqi dinars. This capital boost aligns with updated regulations requiring private banks to either merge or raise their capital in order to meet stricter risk management and liquidity standards.
Key details:
The decision has been approved by the OPI Bank board and is awaiting final approval from the CBI.
The increase will be funded through a combination of reinvested profits, shareholder injections, and strategic investment partners.
The additional capital will be used to support:
Expansion of lending programs (especially to SMEs and the housing sector).
Investment in digital infrastructure and cybersecurity.
Branch network expansion across Iraq and Kurdistan.
Staff training and technology-driven customer service systems.
Why this matters to customers:
A higher capital base means greater financial strength, trust, and the ability to take on more ambitious projects.
It enables OPI Bank to offer larger and more flexible loans, improve savings and investment products, and ensure stability even during financial shocks.
B. Digital Banking Enhancements and Mobile App Upgrades
With customer habits shifting towards digital platforms, OPI Bank has committed to becoming a tech-forward bank, enhancing every touchpoint of the digital user experience. In 2025, the bank launched a major update to its mobile banking application, focusing on security, ease of use, and functionality.
New features include:
Biometric Login: Customers can now log in using fingerprint or face recognition for improved security.
Real-Time Transfers: In-country money transfers are now processed in real-time, 24/7.
Loan Application Integration: Customers can apply for personal loans and track loan status directly from the app.
Account Insights: Advanced tools give customers insights into their spending habits, savings goals, and upcoming bills.
Live Chat Support: In-app customer service with live agents to assist users with transactions, account issues, and more.
Upcoming features under development:
QR-code based payments for local merchants.
Digital check deposits using camera scanning.
Integration with national e-government services for bill payments and civil transactions.
Customer Feedback Drives Innovation
OPI Bank has also launched a “Customer Voice” program, allowing users to provide suggestions and feedback directly through the mobile app or website. This feedback loop has helped prioritize the features customers want most, including language support in Kurdish, Arabic, and English, and improved ATM locator tools.