The Minister of Finance directs Al-Rafidain Bank to release employee loans.
The Minister of Finance directs Al-Rafidain Bank to release employee loans.
2026-10-19
Shafaq News – Baghdad
On Monday, Finance Minister Faleh Sari directed the management of Al-Rafidain Bank to release financial loans for employees and facilitate the procedures for obtaining them, with a focus on shortening the time required to complete transactions and simplifying the application steps, in addition to providing the necessary banking facilities for the private sector and enabling its companies to access financing.
The Ministry of Finance stated in a statement received by Shafaq News Agency that this directive came during a visit by Sari to the bank, during which he chaired a meeting that included the Director General, Ali Karim, and a number of officials, to review the progress of work and the level of banking services provided.
The statement added that the minister listened to an explanation given by the Director General regarding the stages of modernizing the bank and developing its systems, especially the move towards automating procedures and adopting electronic technologies in managing banking operations, which contributes to simplifying transactions and improving work efficiency.
With regard to the private sector, Sari instructed that the necessary banking facilities be provided and that companies be enabled to access financing, in order to support their productive and investment activities, and enhance their role in creating job opportunities and driving economic development.
The Minister of Finance affirmed that Rafidain Bank represents a fundamental pillar in the government banking system, due to its role in supporting economic activity and providing banking services to citizens and various sectors, stressing the need to continue developing its technical and administrative infrastructure and raising the level of its performance.
The visit included the opening of a new branch dedicated to businessmen inside the bank’s main building, with the aim of providing more specialized banking services and facilitating their transactions.
According to the statement, the visit comes within the framework of the Ministry of Finance’s directions towards modernizing the banking sector and expanding the use of digital technologies in managing financial operations, in line with the path of financial and administrative reform.
shafaq.com
