Banking in Iraq

Modern-style banking in Iraq roots from the beginning of the 20th century.

Iraq's two state-owned banks are the largest banks in Iraq and have a shared history. In 1988, Rafidain Bank was spun off from Rafidain Bank .

Banking group Established Number of
Branches 		Total Assets
(Iraqi Dinar billion) 		Share of
total
banking system
assets 		Share of
total
banking system
credit 		Share of
total
banking system
deposits
Rasheed Bank 1988 162
Rafidain Bank 1941 147

Private Banks

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Iraq has many private banks that are operating today in many Governorates in Iraq

Supervision and regulation

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The Central Bank of Iraq supervises Iraqi banks.

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