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Infographic: The Central Bank of Iraq reveals a decrease in the percentage of non-performing loans
April 03, 2024
The Department of Statistics and Research at the Central Bank of Iraq revealed a
decrease in the ratio of non-performing loans to total credit.
The Department of Statistics and Research said that the
ratio of non-performing loans to total cash credit witnessed a decline, reaching
(6.3%) during the year 2023, compared to
(7.2%) in 2022, while
in 2021 it recorded (8.8%) and in
2020. It reached (8.9%), and the department added that the
ratio of non-performing loans to total deposits for the year
2023 recorded a rate of (3.2%) compared to the last three years, as it was recorded in
2022 (3.4%), while in
2021 it reached (4.9%) while It was
(5.2%) in 2020.
The Central Bank of Iraq emphasizes that this ratio is an indicator of the efficiency of the Iraqi banking sector in its endeavor to
develop its products and
adopt new methods and
advanced systems for granting credit and reducing the risks of default
in accordance with global contexts.
Central Bank of Iraq
information Office
4/3/2024
https://cbi.iq/static/uploads/up/file-171212508978087.jpg
https://cbi.iq/news/view/2542
April 03, 2024
The Department of Statistics and Research at the Central Bank of Iraq revealed a
decrease in the ratio of non-performing loans to total credit.
The Department of Statistics and Research said that the
ratio of non-performing loans to total cash credit witnessed a decline, reaching
(6.3%) during the year 2023, compared to
(7.2%) in 2022, while
in 2021 it recorded (8.8%) and in
2020. It reached (8.9%), and the department added that the
ratio of non-performing loans to total deposits for the year
2023 recorded a rate of (3.2%) compared to the last three years, as it was recorded in
2022 (3.4%), while in
2021 it reached (4.9%) while It was
(5.2%) in 2020.
The Central Bank of Iraq emphasizes that this ratio is an indicator of the efficiency of the Iraqi banking sector in its endeavor to
develop its products and
adopt new methods and
advanced systems for granting credit and reducing the risks of default
in accordance with global contexts.
Central Bank of Iraq
information Office
4/3/2024
https://cbi.iq/static/uploads/up/file-171212508978087.jpg https://cbi.iq/news/view/2542
