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 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
editIraq has many private banks that are operating today in many Governorates in Iraq
Supervision and regulation
editThe Central Bank of Iraq supervises Iraqi banks.