The rise of bank assets to more than 120 trillion dinars

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 The rise of bank assets to more than 120 trillion dinars Empty The rise of bank assets to more than 120 trillion dinars

Post  Admin on Mon Aug 05, 2019 6:49 am

August 05, 2019


The rise of bank assets to more than 120 trillion dinars

    The Central Bank of Iraq announces the increase of the assets of banks during 2018 by 10% compared to 2017 to exceed 120 trillion dinars equivalent to (100 billion dollars), indicating the increased confidence of depositors in banks, which reflects positively on the development of the performance of banks and its contribution to the development of the Iraqi economy .
     
    The bank explains that its strategic actions have contributed to increasing confidence in the banking sector and improved financial coverage, which has been reflected in the growth rate and steadily increasing bank assets and deposits. Adding that this rise came from mutual trust between citizens and the banking system through the development of attracting cash deposits and commercial operations to banks more.
     
     The Bank has made accounting adjustments to the total assets of commercial banks in accordance with International Accounting Standards (IAS) as of January 2012.
     
    Central Bank of Iraq
    information Office
    August 5 2019




https://cbi.iq/news/view/1222

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 The rise of bank assets to more than 120 trillion dinars Empty Re: The rise of bank assets to more than 120 trillion dinars

Post  Admin on Mon Aug 05, 2019 7:04 am


Central Bank: the rise of bank assets to more than 120 trillion dinars

2019-08-05 06:45

The Central Bank of Iraq announced on Monday, the rise of bank assets to more than 120 trillion dinars, indicating that this indicates to increase the confidence of depositors in banks.
The bank said in a statement received Alsumaria News a copy of it, "the assets of banks during 2018 rose by 10% compared to 2017 to exceed 120 trillion dinars, equivalent to 100 billion dollars," noting that "This indicates to increase the confidence of depositors in banks, which reflects positively on The evolution of the performance of banks and its contribution to the development of the Iraqi economy.

The statement added that "its strategic actions have contributed mainly to increasing confidence in the banking sector and improving the rates of financial coverage, which reflected on the growth rate and the rise of bank assets and deposits steadily," continuing that "this rise came from mutual trust between citizens and the banking system from During the development of attracting cash deposits and commercial operations to banks more. "

The Bank has made accounting adjustments to the total assets of commercial banks in accordance with international accounting standards as of January 2012.


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