The Central Bank of Iraq has imposed more than 66 billion dinars in fines on banks and financial companies.
The Central Bank of Iraq has imposed more than 66 billion dinars in fines on banks and financial companies.
2025-08-09 02:48
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 66 billion Iraqi dinars during the first half of 2025.
A bank statistic, seen by Shafaq News Agency, showed that “the fines imposed on banks and financial companies during the past six months, starting from January/November, until the end of last June, amounted to 66 billion, 210 million, and 955 thousand dinars,” indicating that “the fines also included 77 administrative penalties for these banks and non-banking institutions, distributed between warnings, alerts, and grace periods.”
The bank stated that, “These fines are down from the same period last year, which amounted to 181 billion, 842 million, and 854 thousand dinars, while penalties amounted to 151, distributed between warnings, cautions, and grace periods.”
The bank did not name the banks subject to the fines or administrative penalties. There are approximately 51 private banks, including 23 private commercial banks and 28 private Islamic banks.
shafaq.com
