The Central Bank confirms the high volume of loans and advances granted by Iraqi banks

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The Central Bank confirms the high volume of loans and advances granted by Iraqi banks

The National Bank reported, on Sunday, an expansion in the volume of credits and advances allowed by Iraqi banks by 12%.

The bank expressed in a proclamation, “The volume of credits and advances conceded by banks working in Iraq added up to (60.8) trillion dinars, at a pace of (17%) in 2023, after it was (51.9) trillion dinars, at a pace of (‎12%).” %) in 2022, while the credits and advances conceded in 2021 added up to (46.1) trillion dinars, at a pace of (7%).

The bank pushed “the significance of credits and advances, which are among the significant variables in reviving the nearby economy.”