The Central Bank of Iraq has imposed more than 24 billion dinars in fines on banks and financial companies.
The Central Bank of Iraq has imposed more than 24 billion dinars in fines on banks and financial companies.
2025-07-26 04:17
Shafaq News – Baghdad
The Central Bank of Iraq announced on Saturday that fines imposed on banks and non-banking institutions (exchange companies) amounted to more than 24 billion Iraqi dinars over the past three months.
A table from the bank, seen by Shafaq News Agency, showed that fines imposed on banks and financial companies during the past three months, starting from April until the end of last June, amounted to 24 billion, 942 million, 377 thousand, and 239 dinars, a decrease compared to the first three months of the current year, when penalties amounted to 41 billion, 268 million, 578 thousand, and 75 dinars.
She explained that “the fines also included 23 administrative penalties for these banks and non-banking institutions, distributed between warnings, notices, and grace periods.”
The table showed that “April saw the highest fines on banks and non-financial institutions, amounting to 9 billion, 862 million, 848 thousand, and 520 dinars, with 12 administrative penalties, while June saw the lowest fines, amounting to 6 billion, 202 million, 501 thousand, and 325 dinars, with 3 administrative penalties.”
The table did not show the names of the banks that were subject to fines and administrative penalties.
shafaq.com
