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Association of Private Banks: 6.69 million active bank accounts in Iraq until 2021
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Economy News_Baghdad
The Association of Iraqi Private Banks announced that the number of effective bank accounts amounted to more than 6.69 million accounts until the end of the year 2021, adding that the growth rate during the past year only compared to the year 2020 amounted to 9.75%.
The Executive Director of the Association, Ali Tariq, said in a press statement that "the effective bank accounts until the end of last year amounted to 6,696,657 accounts, divided into 2,016,322 current accounts, 3,915,175 savings accounts, 573,205 corporate accounts, and 191,955 fixed deposit accounts." He
added that "the total growth achieved in bank accounts during the years "2017-2021" amounted to 392%, and this is due to the facilitation of procedures for opening bank accounts by banks, increasing services, and the salary settlement project launched by the Central Bank in coordination with the government, and increasing The number of bank branches.
He stressed that "during the past 5 years, the highest growth rate was in fixed deposit accounts, due to the gradual increase in confidence in the banking sector and the diversity of banking services, noting that the savings account ranked second in terms of growth, and then the corporate account and the current account."
Tariq pointed out that "the growth rate during the year 2021, compared to the next year, amounted to 2%, the current account 22%, the savings account 12%, and the fixed deposit account 3%."
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Economy News_Baghdad
The Association of Iraqi Private Banks announced that the number of effective bank accounts amounted to more than 6.69 million accounts until the end of the year 2021, adding that the growth rate during the past year only compared to the year 2020 amounted to 9.75%.
The Executive Director of the Association, Ali Tariq, said in a press statement that "the effective bank accounts until the end of last year amounted to 6,696,657 accounts, divided into 2,016,322 current accounts, 3,915,175 savings accounts, 573,205 corporate accounts, and 191,955 fixed deposit accounts." He
added that "the total growth achieved in bank accounts during the years "2017-2021" amounted to 392%, and this is due to the facilitation of procedures for opening bank accounts by banks, increasing services, and the salary settlement project launched by the Central Bank in coordination with the government, and increasing The number of bank branches.
He stressed that "during the past 5 years, the highest growth rate was in fixed deposit accounts, due to the gradual increase in confidence in the banking sector and the diversity of banking services, noting that the savings account ranked second in terms of growth, and then the corporate account and the current account."
Tariq pointed out that "the growth rate during the year 2021, compared to the next year, amounted to 2%, the current account 22%, the savings account 12%, and the fixed deposit account 3%."
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