More than 126 trillion dinars.. The increase in the value of deposits in Iraqi commercial banks

0
22
More than 126 trillion dinars.. The increase in the value of deposits in Iraqi commercial banks

Today, Sunday, the “Iraq Future” Foundation for Economic Studies and Consultations announced that the total deposits in Iraqi commercial banks surpassed 126 billion dinars in May 2023.

According to a report released today by the Foundation, this value has shown a yearly growth of 28% and a monthly increase of 2.78%.

According to the report, the private sector held the most substantial portion of deposits, valued at 53.2 trillion Iraqi dinars. This represents an annual increase of 18.2% but a monthly decline of 0.7%.

The majority of deposits in Iraq are commercial, making up 78.8% of the total deposits, which amounts to 99.78 trillion dinars. These deposits have an annual growth rate of 42% and a monthly growth rate of 3.39%. Savings deposits make up 13.1% of the total deposits in Iraq, with a value of 16.6 trillion Iraqi dinars. They have an annual growth rate of 4% and a monthly growth rate of 0.6%. Fixed deposits account for only 8% of the total deposits.