Baghdad/Nina/ The Central Bank of Iraq announced on Tuesday the increase in the ratio of total cash credit to total deposits for banks operating in Iraq.
A statement from the Central Bank stated that “the credit-to-deposit ratio is one of the most important indicators used to measure the liquidity of banks, as this ratio compares the volume of credit granted by banks compared to their total deposits, as this percentage recorded an increase in the fourth quarter of 2024 of (59.3%) after it was (51.9%) in the fourth quarter of 2023.”
He added that “the rise in this percentage indicates that banks exploit the deposits of their customers effectively in making profits by granting credit, which may be part of the increase due to the increase in banks’ credit provided to the government and the centralization.” /Finished 2