Iraqi banks see shift in private sector deposits, report shows ...Iraq

Shafaq News/ A new report by Iraq Future for Economic Studies andConsultations revealed a shift in the distribution of private sector depositsamong Iraqi banks during the first half of 2024. The study points to a declinein the share held by 12 domestic banks compared to previous years.According to the report, three Iraqi banks that maintain correspondentrelationships with US financial institutions controlled nearly half of allprivate sector deposits in the first six months of 2024. These banks held 47%of private deposits, an increase from their 34% share in 2019.The 12 banks capable of international financial transactions, but withoutUS correspondent relationships, saw their share of private

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