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 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 many private banks that are operating today in many Governorates in Iraq
The Central Bank of Iraq supervises Iraqi banks.