Nearly 130 trillion dinars.. Increase in deposits of Iraqi commercial banks
Nearly 130 trillion dinars.. Increase in deposits of Iraqi commercial banks
2024-08-15
Alsumaria News – Economy
Deposits in Iraqi commercial banks increased in June 2024, reaching 129.88 trillion Iraqi dinars, an annual growth rate of 3.74% and a monthly growth rate of 1.43%, according to the head of the “Iraq Al-Mustaqbal” Foundation for Economic Studies and Consultations, Manar Al-Obaidi.
Al-Obaidi said in a post on Facebook, followed by Sumaria News, that current deposits, which represent about 80% of deposits, increased by an annual growth rate of 6.68% and a monthly growth rate of 1.67% to reach 104.55 trillion Iraqi dinars, while savings deposits, which represent 12.74% of total deposits, despite the monthly growth rate of 0.9%, decreased on an annual basis by a decrease rate of 4%, to reach a total value of 16.2 trillion Iraqi dinars.
Fixed deposits, which represent 7% of total deposits, decreased on a monthly basis by 0.29% and on an annual basis by 11.84% to reach 9.13 trillion Iraqi dinars. As for the sources of deposits, private sector deposits occupied the highest percentage at 43% of total deposits with a total value of 55.89 trillion Iraqi dinars and increased on an annual and monthly basis by 2.38% and 1.54%, according to Al-Obaidi.
According to Al-Obaidi, central government deposits, which represent 34.3% of the total value of deposits, increased by 5.49% on a monthly basis and 10.85% on an annual basis, reaching a total value of 44.63 trillion Iraqi dinars, while public institutions’ deposits, which represent 22.6% of the total value of deposits, recorded a decrease in the monthly growth rate of 4.33% and a decrease in the annual growth rate of 3.38%, reaching a total value of 29.36 trillion Iraqi dinars.
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