The Central Bank announces a decrease in non-performing loans
The Central Bank announces a decrease in non-performing loans
4-3-2024
Information / Baghdad
The Department of Statistics and Research at the Central Bank of Iraq revealed today, Wednesday, a decrease in the ratio of non-performing loans to total credit.
The bank said in a statement received by Al-Maalouma, “The ratio of non-performing loans to total cash credit witnessed a decline, reaching (6.3%) during the year 2023, compared to (7.2%) in 2022, while in 2021 it recorded (8.8%).” ) In 2020, it reached (8.9%).
He added, “The ratio of non-performing loans to total deposits for the year 2023 recorded a rate of (3.2%) compared to the last three years, as it was recorded in 2022 (3.4%), while in 2021 it reached (4.9%), while it was (5.2%) in the year 2020″.
According to the statement, the bank stressed that “this percentage is an indicator of the efficiency of the Iraqi banking sector in its endeavor to develop its products and adopt new methods and advanced systems for granting credit and reducing the risks of default in accordance with global contexts.”
almaalomah.me
