Rafidain Bank to Expand Loans and Private Sector Financing

By John Lee.

Rafidain Bank has been directed to launch employee loans, streamline application procedures, and expand financing for the private sector.

Finance Minister Faleh Sari issued the instructions during a visit to the bank on Monday, where he chaired a meeting with Director General Dr. Ali Karim and senior officials.

During the visit, Sari was briefed on the bank's modernisation programme, including moves towards automation and the adoption of electronic systems in banking operations. He also inaugurated a new branch within the bank's main building dedicated to business customers.

The minister said Rafidain Bank is a core pillar of the state banking system and called for continued development of its technical and administrative infrastructure.

(Source: Ministry of Finance)

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