|Sunday 22 July|
revealed the Central Bank of Iraq, Sunday, 44 private banks did not contribute more than 10% of the credit, noting that the proportion of women aged 14 years and older who have bank accounts amounted to 13.5%.
The bank said in a semi-annual scientific journal issued by the bank and read by Alsumaria News that "the latest data in Iraq noted that three government banks provided 71.9% of the total credit, while 44 private banks accounted for about 10% of total credit," adding "did not appear Private banks significantly larger than the rest as the three largest banks contributed more than 20 percent of the total credit from private banks.
The bank said that "the social interaction with banks in Iraq is limited, as it was found in 2014 that the proportion of women aged 14 years or more with bank accounts amounted to 13.5%, while the international average 57.4%," noting that " Private banks have not been able to spread in place, in addition to the importance of easy procedures for opening and moving accounts and security reasons, as well as avoid the risk of banking crises or liquidity and others, which led to the social interaction with banks in Iraq is limited.
A previous report by the Central Bank of Iraq that some commercial banks do not have any investments, noting that some letters of guarantee come "a courtesy to relatives and friends."
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