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For the first time...the assets of Iraqi banks record an unprecedented number
Economy |Yesterday, 22:37 |
Baghdad Today - Baghdad
Today, Thursday (January 18, 2024), an economic expert revealed an “unprecedented” rise in assets in Iraqi banks operating in the country.
Manar Al-Obaidi said in a statement received by “Baghdad Today” that
“the volume of assets of Iraqi banks operating in Iraq amounted to more than 202 trillion dinars, which is the first time that it has exceeded the barrier of 200 trillion dinars.” He added,
"The value of banks' assets increased by 8% compared to the same period of the previous year." Al-Obaidi pointed out that
“the size of banks’ assets to the Iraqi GDP is around 52%, and despite this high percentage,
it is still lagging behind compared to the Middle East region,
where the size of banks’ assets to the GDP reached around 80%.” He continued,
"Government banks are still in control of the total assets of the banking sector, at a rate of about 85% of the total assets of banks, and
despite the rise in the assets of the private banking sector,
it still does not constitute more than 15% of the total assets of banks operating in Iraq."
https://baghdadtoday.news/240463-لأول-مرة.-موجودات-البنوك-العراقية-تسجل-رقماً-غير-مسبوق.html
Economy |Yesterday, 22:37 |
Baghdad Today - Baghdad
Today, Thursday (January 18, 2024), an economic expert revealed an “unprecedented” rise in assets in Iraqi banks operating in the country.
Manar Al-Obaidi said in a statement received by “Baghdad Today” that
“the volume of assets of Iraqi banks operating in Iraq amounted to more than 202 trillion dinars, which is the first time that it has exceeded the barrier of 200 trillion dinars.” He added,
"The value of banks' assets increased by 8% compared to the same period of the previous year." Al-Obaidi pointed out that
“the size of banks’ assets to the Iraqi GDP is around 52%, and despite this high percentage,
it is still lagging behind compared to the Middle East region,
where the size of banks’ assets to the GDP reached around 80%.” He continued,
"Government banks are still in control of the total assets of the banking sector, at a rate of about 85% of the total assets of banks, and
despite the rise in the assets of the private banking sector,
it still does not constitute more than 15% of the total assets of banks operating in Iraq."
https://baghdadtoday.news/240463-لأول-مرة.-موجودات-البنوك-العراقية-تسجل-رقماً-غير-مسبوق.html
