The Executive Director of the Association of Iraqi Private Banks Ali Tariq announced on Monday the rise of government and private deposits in commercial banks operating inside Iraq to 76.89 trillion dinars during the year 2018. 

In a statement received by Alsumaria News, And private in commercial banks rose 9.84 trillion dinars during the year 2018 because of the procedures of the Central Bank of Iraq in support of the Iraqi banking sector, both government and private, in addition to Iraq rid of the financial crisis that hit in 2014 because of falling oil prices and security improvement after the elimination of M Daesh, "noting that" deposits in 2017 amounted to 67.05 trillion dinars , while increased in 2018, to 76.89 trillion dinars. "

Tariq added that "private sector deposits in commercial banks amounted to 27.36 trillion dinars, while government deposits amounted to 22.27 trillion dinars, in addition to deposits of public institutions sector amounting to 27.26 trillion dinars." 

The Executive Director of the Association, that "the relationship between the citizen and the banking sector is witnessing a significant improvement after the actions of the Central Bank of Iraq, such as the settlement of salaries of employees in the public and private sectors and facilitate the procedures of bank cards and others," adding that "Another factor is Iraq's integration of the global economy, Mainly on transactions with the banking sector in addition to increasing the geographical spread of banks through the increase in the number of branches after awareness programs, as well as increasing the proportion of financial coverage through the provision of electronic payment tools and their impact in attracting the mass bloc Kadih ".
He pointed out that "the coming years will witness an increase in deposits after the launch of the deposit insurance company by the Central Bank of Iraq."