The Central Bank of Iraq announces an increase in the volume of loans and advances during 2023

The Central Bank of Iraq announces an increase in the volume of loans and advances during 2023

2024-03-31 01:27

The Central Bank of Iraq announces an increase in the volume of loans and advances during 2023Shafaq News/ The Central Bank of Iraq announced, on Sunday, an increase in the volume of loans and advances granted by banks operating in Iraq.

The Central Bank of Iraq confirmed in a statement today that the volume of loans and advances granted by banks operating in Iraq amounted to (60.8) trillion dinars, at a rate of (17%) in 2023, after it was (51.9) trillion dinars, at a rate that reached ( 12%) in 2022, while the loans and advances granted in 2021 amounted to (46.1) trillion dinars, at a rate of (7%).

The Central Bank of Iraq noted the importance of loans and advances, which are important factors in stimulating the local economy.

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