More than 160 trillion dinars deposits and credits in Iraqi banks during the first half of 2022
More than 160 trillion dinars deposits and credits in Iraqi banks during the first half of 2022
2022-10-05 01:44
Shafaq News/ The Association of Iraqi Private Banks revealed, on Wednesday, the financial statements of the Iraqi banking sector during the first half of this year.
The Executive Director of the Association of Private Banks, Ali Tariq, said in a press statement today, that the first half of this year witnessed a growth in the banking sector, due to the strategy of the Central Bank that enhanced the public’s confidence in the banking sector, in addition to the development initiatives launched to support the national economy.
He added that the rise in financial data is one of the main factors for developing the economy, employing manpower, and increasing the percentage of financial inclusion.
He stressed that the credit granted to the public during the first half amounted to 3.7 trillion dinars, bringing the total credit to 57.3 trillion dinars, with a growth rate of 7% from last year, while deposits increased by 8.3 trillion dinars, bringing the total deposits in the banking sector to 106.4 trillion dinars, with a growth rate of 8%.
He stressed that assets grew during the first half of this year by 9% to reach 164.1 trillion dinars, an increase of 13.7 trillion dinars, noting that the pledge credit amounted to 33 trillion dinars, an increase of 5.8 trillion dinars, which is the highest growth rate in indicators of 21%.
shafaq.com
