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[size=18]On Wednesday, the Central Bank of Iraq issued a statement on its annual financial stability report for 2021. [/size]
A statement by the Central Bank, followed by "Nass" (September 7, 2021), stated that "the Central Bank of Iraq issued a brief statement on its annual report on private financial stability for the year 2021, which included a set of financial and monetary indicators that reflect the performance of the Iraqi financial and banking sector, and diagnose challenges and opportunities for this important sector in the economy, and the report indicated an increase in the growth of bank deposits amounting to (96) trillion dinars for the year 2021, an increase of (13.1%) over the year 2020, while bank credit in the public and private sectors increased to (80.62) trillion dinars. For 2021, an increase of (7.1%) over the year 2020.
He added, "The indicators of financial inclusion improved through the adoption of the project (financial inclusion for a new economic beginning), and the report revealed an increase in the aggregate index of financial inclusion from (20.85 %) in 2017 to (33.5%) in 2021, while the sector's credit ratio increased The private sector’s GDP increased to (13.4%) in 2021, and the aggregate index of financial stability in Iraq rose to (0.656) in the same year, as a result of adopting policies to achieve financial stability through the application of Basel requirements and International Financial Reporting Standard No. (9), as well as the requirements the other for the banking sector.
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