By John Lee.
The Central Bank of Iraq (CBI) has reported a 5.4-percent increase in banking sector loans and advances in Q4 2024, reaching IQD 64.12 trillion [$49 billion], up from IQD 60.81 trillion in the same period of 2023.
According to state-run Iraqi News Agency (INA), the CBI noted that this growth reflects improved access to financing for individuals and businesses, supporting investment and commercial projects, boosting economic activity, and creating new job opportunities.
(Source: INA)
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