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 groupEstablishedNumber of
Branches		Total Assets
Share of
total
banking system
assets		Share of
total
banking system
credit		Share of
total
banking system
deposits
Rasheed Bank1988162
Rafidain Bank1941147

Private Banks

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

Supervision and regulation

The Central Bank of Iraq supervises Iraqi banks.