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Modern-stylebanking in Iraq roots from the beginning of the 20th century.
Iraq's twostate-owned banks are the largest banks inIraq 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 |
Iraq has manyprivate banks that are operating today in manyGovernorates inIraq
TheCentral Bank of Iraq supervisesIraqi banks.
