The Impact of Financial Innovation on the Profitability of Iraqi Commercial Banks: A Case Study of the Commercial Bank of Baghdad
Keywords:
financial innovation, bank profitability, profitability, Iraqi commercial banks, Baghdad Commercial BankAbstract
The current research aims to know the impact of financial innovation on the profitability of Iraqi commercial banks by studying the performance of one of the largest private commercial banks in Iraq, the Baghdad Commercial Bank, for the purpose of providing researchers and those interested in financial issues with the importance of these variables and their impact on the business structure of the local banking system in particular, and their impact On the global business structure in general, the current research presents the scientific and literary concepts about the study variables (financial innovation and bank profitability) and shows the extent to which successful banks have progressed in adopting these concepts. Financial innovation for the purpose of improving its performance and thus increasing its profitability? On the basis of the goal and problem of the research, the researcher seeks to test the research hypotheses represented in the existence of a correlation between the financial innovation of Iraqi commercial banks and the profitability of banks and the presence of an impact of the financial innovation of Iraqi commercial banks on the profitability of banks, and the results of the research showed that there is a positive, important and strong relationship between financial innovation and the profitability of the bank. The results also that financial innovation has a clear impact on the profitability of the bank, that is, it contributes significantly to improving the financial performance of the bank and thus increasing the profitability of the bank.
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