Association of Private Banks: 98.12 trillion dinars, the volume of deposits at the end of the year 2021

by **RamblerNash** Mon Jul 11, 2022 9:47 pm

Update 07/12/2022 - 3:16 AM

Economy News-Baghdad

The Association of Iraqi Private Banks announced that the volume of deposits in the banking sector will rise to 98.12 trillion dinars until the end of the year 2021.

The Executive Director of the Association, Ali Tariq, said that the total assets in the banking sector increased by 15.87% during the year 2021, to become 150.4 trillion dinars.

He added that deposits in the banking sector increased by 12.65%, as it became during the year 2021 more than 98.1 trillion dinars, while in the year 2020 it was 87.19 trillion dinars, explaining that the total credit "loans" amounted to more than 53.5 trillion dinars during the year 2021 after it was in The year 2020 is worth 51.1 trillion dinars.

The statement indicated that the capital of the banks amounted to 150.4 trillion dinars during the year 2021, after the banks increased their capital in line with the development in banking services, pointing out that the pledge credit amounted during the year 2021 to more than 27.2 trillion dinars.

Tariq noted that the increase in banking indicators indicates a high level of trust between the citizen and the banking sector, due to the strategy of the Central Bank, which worked to develop the sector and increase and diversify services.

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