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The central bank issues a statement on its annual financial stability report for 2021
September 07, 2022
The Central Bank of Iraq issued a brief statement on its annual report on the special financial stability of the year 2021,
which included a set of financial and monetary indicators that reflect the performance of the Iraqi financial and banking sector,
and to diagnose challenges and opportunities for this important sector in the economy, and
the report pointed to an increase in the growth of extreme banking deposits (96) trillion dinars for the year 2021, with an increase of (13.1%) from the year 2020,
while bank credit in the public and private sectors increased to (80.62) trillion dinars for 2021 by an increase of (7.1%) from the year 2020.
The indicators of financial inclusion improved By adopting the project (financial inclusion of a new economic start),
the report revealed an increase in the assembly index of financial inclusion from (20.85%) in 2017 to (33.5%) in 2021, while
the rate of private sector credit in the gross domestic product increased to (13.4%) In 2021,
the assembly index of financial stability in Iraq rose to (0.656) in the same year;
As a result of adopting the policies of achieving financial stability through the application of Basel requirements and the international standard of financial reports No. (9), as well as other requirements for the banking sector.
To follow the detailed report (click here) http://cbi.iq/static/uploads/up/file-165899787433978.pdf
note - a similar article already posted in Ms. Timmy's Thread
This article includes the link to the detailed report
The central bank issues a statement on its annual financial stability report for 2021
September 07, 2022
The Central Bank of Iraq issued a brief statement on its annual report on the special financial stability of the year 2021,
which included a set of financial and monetary indicators that reflect the performance of the Iraqi financial and banking sector,
and to diagnose challenges and opportunities for this important sector in the economy, and
the report pointed to an increase in the growth of extreme banking deposits (96) trillion dinars for the year 2021, with an increase of (13.1%) from the year 2020,
while bank credit in the public and private sectors increased to (80.62) trillion dinars for 2021 by an increase of (7.1%) from the year 2020.
The indicators of financial inclusion improved By adopting the project (financial inclusion of a new economic start),
the report revealed an increase in the assembly index of financial inclusion from (20.85%) in 2017 to (33.5%) in 2021, while
the rate of private sector credit in the gross domestic product increased to (13.4%) In 2021,
the assembly index of financial stability in Iraq rose to (0.656) in the same year;
As a result of adopting the policies of achieving financial stability through the application of Basel requirements and the international standard of financial reports No. (9), as well as other requirements for the banking sector.
To follow the detailed report (click here) http://cbi.iq/static/uploads/up/file-165899787433978.pdf
note - a similar article already posted in Ms. Timmy's Thread
This article includes the link to the detailed report
