31% increase in bank account holders in Iraq
U.S. ambassador hails new figures on personal banking
BAGHDAD, January 23 — Alina Romanowski, the U.S. Ambassador to Baghdad, hailed on Tuesday a landmark advancement for Iraq’s banking sector, noting a 31% increase in the number of individuals with accounts in local Iraqi banks.
Statement on X:
#DYK… Central Bank of Iraq data suggests total deposits held with Iraqi commercial banks rose by about 37% in the past two years, and from 2021 to 2022, the total number of account holders in local banks rose 31%. Impressive progress! By working with Iraq on reforms, we are helping to build trust in the banking sector. Modern banking services enable greater foreign investment & protection from financial crime, theft, and loss.
Read our report from earlier today on Iraq’s financial digitalization drive below: