According to the “Future Iraq” Foundation, which is concerned with economic matters, the assets of eight private Iraqi banks have climbed to more than 13 trillion dinars in the last five years.
Al-Mansour Bank, Commercial Region Bank, Assyria International Bank, Al-Janoub Islamic Bank, Iraqi Islamic Bank, Baghdad Bank, Development Bank, and National Bank of Iraq are the eight banks.
The agency noted in a study issued today that the banks’ assets climbed by 108% from 2019 to 2023, increasing the value of their assets in 2023 to (13.7) trillion Iraqi dinars, up from (6.6) trillion Iraqi dinars in 2019.
According to the research, the growth in assets is attributed to a 131% increase in deposits with these banks, bringing the total value of deposits with these banks to (8.8) trillion Iraqi dinars, up from (3.8) trillion Iraqi dinars in 2019.
According to the research, the revenues of these banks climbed by 285% compared to the previous year, with revenues predicted to reach (908) billion Iraqi dinars by the end of 2023, up from 235 billion Iraqi dinars in 2019.