Central Bank Governor: 80% of citizens do not have bank accounts

Central Bank Governor: 80% of citizens do not have bank accounts

Tue, 05 Mar 2019 12:33:49

Central Bank Governor - 80 percent of citizens do not have bank accountsThe governor of the Central Bank Ali Alalak, Tuesday, that 80% of citizens do not have bank accounts.

“80% of the citizens have no accounts or transactions or bank cards,” he said, noting that “banks can invest and employ this large percentage.”

He added that “the services provided by banks are currently on the rise,” and called on all banks to “follow the example of the Iraqi Trade Bank, which expands its products and services.”

On October 8, 2018, the Iraqi Trade Bank signed a loan with a German institution worth 100 million euros, encouraging German exports to Iraq and benefiting from the facilities provided by the German Foundation for the contracting of public departments, ministries and the private sector.

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