Association of Iraqi Private Banks: 23% of Iraqi adults deal with the banking sector

Admin Tue May 07, 2019 9:08 am

Economy News _ Baghdad

The Association of Iraqi Private Banks announced the increase in the number of customers with the banking sector to about 23% of adults in Iraq after it was 11% in 2014 as a result of increased confidence between the citizen and the banking sector.

The Executive Director of the Association of Iraqi Private Banks, Ali Tariq, in a press statement received by "Economy News", "The relationship between the citizen and the banking sector began to improve very significantly, during the current stage, for several reasons, including the support provided by the Central Bank of Iraq to the banking sector and openness Iraq on foreign trade and the procedures of the Central Bank in the fight against money laundering and the financing of terrorism and the settlement of salaries of state employees and others.

He pointed out that "the majority of customers with the banking sector are young people, which has increased the number of customers with the banking sector to about 23%," noting that "the proportion of Iraqis who manage their bank accounts through mobile portfolios rose to 4.2% In 2014 ".

"Nearly 20 percent of Iraqis receive and send money through modern payment tools, through the purchase of the Internet and the payment of electricity, Internet and other fees," he said.

He pointed out that "the activities set up by the Central Bank of Iraq and the Association of Iraqi private banks on the occasion of the week of financial inclusion in cooperation with the Arab Monetary Fund, in universities and commercial and cultural centers with the participation of the majority of banks operating in Iraq, will contribute to strengthening the relationship between the citizen and the banking sector through his knowledge of banking products "Iraqi Private Banks Association: 23% of Iraqi adults deal with banking sector Iraqi private banks: 23% of Iraqi adults deal with the banking sector

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