The capital of Iraq’s private banks increased by 7.3%
Shafaq News / The Central Bank of Iraq announced on Monday a rise in the capital of private banks by 7.3%.
The bank said in a report seen by Shafaq News Agency that it recorded an increase in the total capital of private banks operating in Iraq during the first quarter of this year, by 7.3% to reach 19.2 trillion dinars compared to 19.7 trillion dinars for the same period last year.
He pointed out that private banks operating in Iraq increased their capital by 6%, while the capital of government banks increased by 11.1%.
He added that the contribution of private banks’ capitals amounted to 73.2%, while the capital contribution of government banks amounted to 26.2%.
The bank explained that deposits in the first quarter of this year rose by 1.2% to reach 123.7 trillion dinars compared to 122.2 trillion for the same period of the previous year, thus increasing current deposits by 3.1% as a result of the increase in current expenditures from the wages and salaries of employees in the public sector, while savings deposits decreased by 3%, and fixed deposits decreased by 10%.
No comments:
Post a Comment