Iraq

Iraq's banking sector is dominated by state-owned banks and remains small relative to the economy. Total assets of banks operating in Iraq were IQD 184.7tn (about US$142bn) in April 2026, some 54% of 2025 GDP, of which state banks – led by Rafidain, Rasheed and the Trade Bank of Iraq – held 73%. The CBI register lists eight state banks (one not yet operating), 55 private domestic banks, most of them Islamic, and 16 foreign-bank branches, several of which are in liquidation or under guardianship.