5 Iraqi banks will leave the market and close their doors.
5 Iraqi banks will leave the market and close their doors.
2025-10-15 | 03:12
SumerianNews-Economy
Revealed Central Bank of Iraq Five Iraqi banks are expected to exit the market in the coming period, following their failure to comply with the comprehensive review standards imposed by the Central Bank of Iraq.
Deputy Governor of the Central Bank, Amer Al-Aithawi, said that the process of restructuring private banks in Iraq It included three paths: remaining in the market by adhering to standards, merging, or exiting the market, according to Bloomberg.
He added, “Most private banks in Iraq have adhered to the first and second paths, whether continuing on their own while adhering to these standards or merging with other banks. However, a small number of them have chosen to leave voluntarily—a small minority, no more than five banks.”
He explained, “The standards that banks operating in Iraq must meet are strict and clear, and banks that fail to adhere to them will be ineligible to be part of the Iraqi banking sector.”
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