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Central: Bank deposits lost a trillion dinars in 2016
Baghdad / Range
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Central: Bank deposits lost a trillion dinars in 2016
Baghdad / Range
A report issued by the Central Bank, released on Monday, the decline of bank deposits by about one trillion dinars in 2016 compared to 2015
"Financial deposits for 2016, according to the Herald-Hirschman Index, decreased to 62.4 trillion dinars, compared to 63.3 trillion dinars in 2015, and the decline in the volume of bank assets from 222.8 trillion dinars to 221.2 trillion dinars. " The report pointed out that "most of the assets concentrated in the Rafidain Bank, which means that there is a monopoly by him will reflect negatively on Rafidain Bank and the banking system in general." The central bank report that "most of the government deposits concentrated in the Rafidain Bank 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 The establishment of 8 new private banks, including 7 Islamic banks and one foreign commercial bank. The report added that "
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