Kurdistan International Islamic Bank – Ratings Affirmed

9 July 2026

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Kurdistan International Islamic Bank for Investment and Development (KIB or the Bank) at ‘B-’ and ‘B’, respectively. CI Ratings has also affirmed KIB’s Bank Standalone Rating (BSR) of ‘b-’, Core Financial Strength (CFS) rating of ‘b+’ and Extraordinary Support Level (ESL) of Uncertain. The Outlook on the ratings remains Stable.

At the same time, CI has affirmed KIB’s Long- and Short-Term Ratings on the Iraq National Scale at ‘iqBBB’ and ‘iqA3’, respectively, with a Stable Outlook. These are supported and constrained by the same factors as the CFS, as outlined below.

The Bank’s BSR is derived from a CFS rating of ‘b+’ and an Operating Environment Risk Anchor (OPERA) of ‘c+’. The key supporting factors for the CFS are the good capital buffer, as…