The crucial financial institution of Iraq announced, on Monday, that the capital of private banks expanded through 7.3%.
The bank stated in a document seen by way of dinaropinions.com that it recorded an increase in the overall capital of personal banks operating in Iraq all through the first region of this 12 months, via 7.three% to reach 19.2 trillion dinars, as compared to 19.7 trillion dinars for the equal duration final yr.
He mentioned that the capital of personal banks operating in Iraq accelerated by means of 6%, whilst the capital of presidency banks elevated through eleven.1%.
He brought that the contribution of personal banks’ capital amounted to seventy three.2%, whilst the contribution of government banks’ capital amounted to 26.2%.
The bank defined that deposits in the first sector of the modern-day yr increased by way of 1.2% to attain 123.7 trillion dinars compared to 122.2 trillion for the same duration of the preceding year, with modern deposits growing by using 3.1% as a result of the boom in modern fees from wages and salaries of personnel within the public quarter, even as savings deposits reduced by three%, and fixed deposits decreased via 10%.
