In its commitment to growth and innovation, OPI Bank has recently signed a series of strategic contracts and financial agreements that mark a significant milestone in the bank’s expansion within the Kurdistan Region and beyond. These contracts are part of OPI Bank’s long-term vision to become a leading financial institution that not only offers banking services but also plays an active role in supporting infrastructure, digital transformation, and inclusive economic development.

Key Contracts Signed

1. Partnership with the Kurdistan Regional Government (KRG):
   As part of the “My Account” (Hisabi) initiative, OPI Bank signed a formal contract with the Ministry of Finance and Economy to become an official banking partner for public salary disbursement. This agreement gives the bank access to thousands of potential new customers and expands its public service offerings, including payroll processing, retirement disbursement, and employee benefits.

2. Digital Infrastructure Development Contract:
   In collaboration with a leading fintech solutions provider in the Middle East, OPI Bank has signed a multi-year agreement to upgrade its digital banking infrastructure. This includes the deployment of AI-based fraud detection systems, biometric login technology, and real-time payment processing services. The result will be faster, safer, and more user-friendly banking for all clients.

3. ATM Network Expansion Agreement:
   OPI Bank has also finalized a procurement contract with a global ATM manufacturer to install over 300 new ATMs across the Kurdistan Region, especially in underserved towns and cities. This move is expected to significantly improve accessibility to financial services, particularly for rural and low-income populations.

4. Enterprise Banking Solutions for Local Businesses:
   The bank recently signed service-level agreements (SLAs) with several major Kurdish companies in the oil, construction, and retail sectors to provide custom enterprise banking services. These include high-volume account management, merchant services, loan packages, and trade financing options, strengthening the bank’s commercial banking profile.

5. Real Estate and Mortgage Financing Initiative:
   In a joint contract with regional real estate developers and the Kurdistan Contractors Union, OPI Bank is now offering flexible mortgage and housing loan products. This contract involves co-financing and guarantees aimed at boosting the local housing market and encouraging long-term residency investment.

Impact and Goals of These Contracts

These agreements are more than just business deals—they are strategic moves to:

• Strengthen financial infrastructure in the Kurdistan Region.

• Increase access to banking for both individuals and businesses.

• Support government reforms in payroll transparency and anti-corruption.

• Digitize traditional banking systems for faster and safer services.

• Foster economic development through easier access to loans and financial tools.

Next Steps and Public Access

Customers and businesses can already start benefiting from some of these contracts, such as:

• Enrolling in the salary program through the Hisabi initiative.

• Using new ATMs as they are gradually rolled out.

• Accessing enterprise and small business banking packages.

• Applying for mortgage loans through partnered housing developments.

These contracts highlight OPI Bank’s proactive approach to financial modernization and its focus on creating impact through collaboration. By working with both government and private sector partners, the bank continues to push the boundaries of what is possible in regional banking.