An economic institution indicates that assets in 8 Iraqi banks have risen to more than 13 trillion dinars
An economic institution indicates that assets in 8 Iraqi banks have risen to more than 13 trillion dinars
2023-10-20 05:40
Shafaq News/ The “Future Iraq” Foundation concerned with economic affairs said on Friday that the assets of 8 private Iraqi banks had risen over the past five years to more than 13 trillion dinars.
The 8 banks are as follows: Al-Mansour Bank, Commercial Region Bank, Assyria International Bank, Al-Janoub Islamic Bank, Iraqi Islamic Bank, Baghdad Bank, Development Bank, and National Bank of Iraq.
The institution stated in a report published today that the banks’ assets increased from 2019 to 2023 by 108%, bringing the value of their assets during 2023 to (13.7) trillion Iraqi dinars, after the total assets of these banks in 2019 were approximately (6.6) trillion Iraqi dinars.
The report indicated that the increase in assets is due to the increase in deposits with these banks, which rose by 131%, bringing the value of deposits with these banks to (8.8) trillion Iraqi dinars, higher than in 2019, which at the time amounted to (3.8) trillion Iraqi dinars.
The revenues of these banks also increased by 285% compared to the year 2019, as they are expected to reach (908) billion Iraqi dinars by the end of 2023, compared to 235 billion Iraqi dinars in the year 2019, according to the report.
shafaq.com
