The Central Bank publishes interest rates on loans and deposits for government banks
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The Central Bank explained in its publication on its website, that "the interest rates granted by government banks, in Iraqi dinars, differ from those granted by private banks."
And he indicated that "the interest rate granted on the fixed deposits of the Rafidain Bank in Iraqi dinars ranges between 4 percent to 6 percent, while the interest rate on credit (loans) ranges between 9 to 11 percent, while its rate at the Rasheed Bank, on fixed deposits, ranges between 3.5 percent and 6.5 percent, and on loans between 10 and 12 percent.”
He explained, "The interest of the Trade Bank of Iraq granted on fixed deposits ranges between 3 to 3.75 percent, while the interest rate on credit (loans) is 10 percent."
He continued, "The interest on fixed deposits granted by the Industrial Bank ranges between 4 and 7 percent, while the interest on bank loans ranges between 9 and 12 percent," noting that "the rate of the Agricultural Cooperative Bank granted on fixed deposits ranges between 4 and 6.” percent, and ranges on loans between 12 and 14 percent, and the interest rate granted by the real estate bank on fixed deposits ranges between 3 and 5 percent, while the interest rate on its loans ranges between 10 and 13 percent. /finished8[/rtl]