Private banks in Iraq announce a rise in the volume of deposits to more than 98 trillion dinars
The Executive Director of the Association, Ali Tariq, said in a statement received by Shafak News Agency, that "the total assets in the banking sector increased by 15.87% during the year 2021, to become 150.4 trillion dinars."
He added that "deposits in the banking sector increased by 12.65%, as it became during the year 2021 more than 98.12 trillion dinars, compared to the year 2020, which was 87.19 trillion dinars," explaining that "the total credit" loans" amounted to more than 53.5 trillion dinars during the year 2021 after If in 2020, it is worth 51.1 trillion dinars.
He pointed out that "the capital of banks amounted to 150.4 trillion dinars during the year 2021, after the banks increased their capital in line with the development in banking services," noting that "the pledge credit amounted during the year 2021 to more than 27.2 trillion dinars."
Tariq noted that "the increase in banking indicators indicates the high confidence between the citizen and the banking sector, due to the strategy of the Central Bank, which worked to develop the sector and increase and diversify services."
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