Banking in Iraq

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.