Shafaq News / The value of total deposits in Iraqi commercial banks increased to reach more than 126 billion dinars in May 2023, according to the “Iraq Al-Future” Foundation for Economic Studies and Consultations, on Sunday.
In a report published today, the Foundation said that this value recorded an annual increase of 28% and a monthly increase of 2.78%.
The report added that private sector deposits occupied the largest percentage of deposits with a value of 53.2 trillion Iraqi dinars with an annual increase of 18.2%, and a monthly decline of 0.7%, while central government deposits amounted to 43.99 trillion dinars, an annual increase of 51.33% and a monthly increase of 9.94%.
Commercial deposits occupied the largest percentage of the nature of deposits with an acquisition rate of 78.8% to reach a value of 99.78 trillion dinars of total deposits and an annual growth rate of 42% and a monthly growth rate of 3.39%, then savings deposits, which accounted for 13.1% of the total deposits with a value of 16.6 trillion Iraqi dinars and an annual growth rate of 4% and a monthly growth rate of 0.6%. Fixed deposits accounted for only 8% of the total deposits, according to the report, which included a detailed table published by Shafaq News:
