Central Bank: the rise of bank assets to more than 120 trillion dinars
Central Bank: the rise of bank assets to more than 120 trillion dinars
2019-08-05 06:45
The Central Bank of Iraq announced on Monday, the rise of bank assets to more than 120 trillion dinars, indicating that this indicates to increase the confidence of depositors in banks.
The bank said in a statement received Alsumaria News a copy of it, “the assets of banks during 2018 rose by 10% compared to 2017 to exceed 120 trillion dinars, equivalent to 100 billion dollars,” noting that “This indicates to increase the confidence of depositors in banks, which reflects positively on The evolution of the performance of banks and its contribution to the development of the Iraqi economy.
The statement added that “its strategic actions have contributed mainly to increasing confidence in the banking sector and improving the rates of financial coverage, which reflected on the growth rate and the rise of bank assets and deposits steadily,” continuing that “this rise came from mutual trust between citizens and the banking system from During the development of attracting cash deposits and commercial operations to banks more. ”
The Bank has made accounting adjustments to the total assets of commercial banks in accordance with international accounting standards as of January 2012.
alsumaria.tv
