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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Central Bank: Decrease of bank deposits for 2016

    Rocky
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    • Post n°1

    Central Bank: Decrease of bank deposits for 2016 Empty Central Bank: Decrease of bank deposits for 2016

    Post by Rocky Mon 20 Nov 2017, 6:56 am

    [ltr]Central Bank: Decrease of bank deposits for 2016[/ltr]

     From 2017-11-20 at 11:50 (Baghdad time)
    [ltr][You must be registered and logged in to see this image.][/ltr]
    [ltr]Baghdad - Mawazine News[/ltr]
    [ltr]A report by the central bank on Monday reported a decline in bank deposits for 2016, indicating the weak contribution of the banking sector to GDP.[/ltr]
    [ltr]"Financial deposits for 2016 according to the Herald-Hirschman Index fell to 62.4 trillion dinars compared to 63.3 trillion dinars in 2015, and the decrease in bank assets from 222.8 trillion dollars," said the report by the Central Bank of Iraq. Dinars in 221.2 trillion dinars, "noting that" most of the assets concentrated in the Rafidain Bank, which means that there is a monopoly by it will reflect negatively on Rafidain Bank and the banking system in general. "[/ltr]
    [ltr]The report added that "most of the government deposits concentrated in the Rafidain Bank and by 2392 points out of 3050 points, as is the case for assets," noting that "the rise of banks' capital to 11.7 trillion dinars in 2016, after it was 10.1 trillion dinars in 2015 as a result of the establishment 8 new private banks, including 7 Islamic banks and one foreign commercial bank.[/ltr]
    [ltr]He pointed out that "the financial safety indicators showed the rate of capital adequacy of the banking sector amounted to 128% for 2016 compared to the same for 2015, amounting to 106%," stressing that "this high ratio reflects the ability and efficiency of the banking system, which is higher than the percentage determined by the Committee Basel, which is 8% and the central bank's 12% rate. "[/ltr]
    [ltr]The report pointed out that "the volume of banking spread has not changed significantly during the past years, reaching in 2016, 2.81, or about 3 branches per 100 thousand people, which means that Iraq needs to increase the number of branches of banks in order to access banking services to the largest As many people as possible, "stressing that" the ratio of loans to the private sector to GDP to 9.2% in 2016, which reveals the extent of weak contribution of the banking sector in GDP. "[/ltr]


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