2024-04-03T06:32:26+00:00
A-
A
A+
/ The Department of Statistics and Research at the Central Bank of Iraq revealed, on Wednesday, a decrease in the ratio of non-performing loans to total credit.
The Department of Statistics and Research said, in a statement today, that the ratio of non-performing loans to total cash credit witnessed a decline, reaching (6.3%) during the year 2023, compared to (7.2%) in 2022, while in 2021 it recorded (8.8%). In 2020, it reached (8.9%).
The department added that the ratio of non-performing loans to total deposits for the year 2023 recorded a rate of (3.2%) compared to the last three years, as it recorded (3.4%) in 2022, while in 2021 it reached (4.9%), while it was (5.2%) in Year 2020.
The Central Bank of Iraq emphasizes that this ratio is an indicator of the efficiency of the Iraqi banking sector in its endeavor to develop its products and adopt new methods and advanced systems for granting credit and reducing the risks of default in accordance with global contexts.