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[size=36]Association of Banks: The banking sector witnessed growth in the first half of the year[/size]
Economie| 12:28 - 05/10/2022
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Baghdad - Mawazine News
The Association of Iraqi Private Banks announced, on Wednesday, the financial statements of the Iraqi banking sector during the first half of this year.
The Executive Director of the Association, Ali Tariq, said in a statement received by Mawazine News, that "the first half of this year witnessed a growth in the banking sector, due to the Central Bank's strategy that enhanced the public's confidence in the banking sector, in addition to the development initiatives launched to support the national economy."
Tariq added, "The rise in financial data is one of the main factors for developing the economy, employing manpower, and increasing the percentage of financial inclusion."
He stressed, "The credit granted to the public, during the first half, amounted to 3.7 trillion dinars, bringing the total credit to 57.3 trillion dinars, with a growth rate of 7% over last year, while deposits increased by 8.3 trillion dinars, bringing the total deposits in the banking sector to 106.4 trillion dinars, with a growth rate of 8 %".
He pointed out that "assets grew during the first half of this year by 9% to reach 164.1 trillion dinars, an increase of 13.7 trillion dinars," noting that "pledge credit amounted to 33 trillion dinars, an increase of 5.8 trillion dinars, which is the highest growth rate in indicators of 21%." ". Ended 29/N33
The Association of Iraqi Private Banks announced, on Wednesday, the financial statements of the Iraqi banking sector during the first half of this year.
The Executive Director of the Association, Ali Tariq, said in a statement received by Mawazine News, that "the first half of this year witnessed a growth in the banking sector, due to the Central Bank's strategy that enhanced the public's confidence in the banking sector, in addition to the development initiatives launched to support the national economy."
Tariq added, "The rise in financial data is one of the main factors for developing the economy, employing manpower, and increasing the percentage of financial inclusion."
He stressed, "The credit granted to the public, during the first half, amounted to 3.7 trillion dinars, bringing the total credit to 57.3 trillion dinars, with a growth rate of 7% over last year, while deposits increased by 8.3 trillion dinars, bringing the total deposits in the banking sector to 106.4 trillion dinars, with a growth rate of 8 %".
He pointed out that "assets grew during the first half of this year by 9% to reach 164.1 trillion dinars, an increase of 13.7 trillion dinars," noting that "pledge credit amounted to 33 trillion dinars, an increase of 5.8 trillion dinars, which is the highest growth rate in indicators of 21%." ". Ended 29/N33
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