Banking in Iraq
Modern-style banking in Iraq roots from the beginning of the 20th century.
Iraq's two main state-owned banks are the largest banks in Iraq and have a shared history. In 1988, Rasheed 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 |
|
|
|
|
Specialist state owned banks
It also has four specialist state-owned banks.
