Modern-style 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 a 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
Iraq has many private banks that are operating today in many Governorates in Iraq
Supervision and regulation
The Central Bank of Iraq supervises Iraqi banks.
