The Central Bank of Iraq announced that fines imposed on banks and non-banking financial institutions, including exchange companies, exceeded 126 billion Iraqi dinars during 2025.
According to official statistics issued by the Central Bank and reviewed by dinaropinions.com, total fines imposed between January and the end of December 2025 reached 126 billion, 337 million, and 630 thousand dinars.
In addition to financial penalties, the Central Bank imposed 120 administrative sanctions on banks and non-banking institutions. These measures included warnings, formal notices, and grace periods to address regulatory violations.
The data shows a decline in penalties compared to 2024, when fines totaled 229 billion, 144 million, and 976 thousand dinars, and 238 administrative penalties were issued during that year.
The Central Bank did not disclose the names of the banks or institutions that were fined or subjected to administrative actions.
Currently, around 75 banks operate in Iraq, including:
- 24 private commercial banks
- 31 Islamic banks
- 17 branches and representative offices of foreign banks
Iraq ranks first in the Middle East in terms of the number of private banks. The Central Bank continues to oversee the merger, restructuring, and rehabilitation of several banks as part of broader efforts to align the financial sector with international standards.
