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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

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


    k issues a report on deposits and explains the banking

    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 266496
    Join date : 2012-12-21

    k issues a report on deposits and explains the banking  Empty k issues a report on deposits and explains the banking

    Post by Rocky Tue 21 Nov 2017, 3:26 pm

    The Central Bank issues a report on deposits and explains the banking situation in Iraq


    [You must be registered and logged in to see this image.]




    A report by the Central Bank, on Monday, the decline of bank deposits for 2016, indicating that the government deposits concentrated in the Rafidain Bank, pointing to the weak contribution of the banking sector in GDP, while pointing out that Iraq needs to increase the branches of banks to deliver banking services to the largest number Of the population. 

    The report, prepared by the Central Bank of Iraq, said that the financial deposits for 2016 according to the index of Herndel-Hirschman 'recorded a decline to reach 62.4 trillion dinars compared to 63.3 trillion dinars in 2015, and the decline in the volume of banking assets of 222.8 trillion dinars in 221.2 trillion dinars' , Indicating that 'most of the assets concentrated in the Rafidain Bank, which means that there is a monopoly by it will reflect negatively on the Rafidain Bank and the banking system in general.'

    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', pointing to '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 '. 

    The report pointed out that 'financial safety indicators showed the rate of capital adequacy ratio 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 capacity and efficiency of the banking system, which is higher than the percentage determined by the Committee Basel, 8%, and the Central Bank of 12%.

    The report pointed out that 'the volume of banking spread has not changed much 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 number "The ratio of loans to the private sector to GDP rises to 9.2 percent in 2016, which reveals the weak contribution of the banking sector to GDP."

    [You must be registered and logged in to see this link.]

      Current date/time is Tue 19 Mar 2024, 5:21 am