The launch of advances and loans
The launch of advances and loans
09/27/2014 19:02
Agencies – informed sources in the Rafidain Bank that the resumption of granting personal loans and advances will be launched immediately after the approval of the general budget of the country.
The sources said in a statement Saturday that “the continuation of suspended advances due to a lack of financial liquidity in banks and non-completion of regulatory procedures with the fact that the cash flow is not sufficient to restore the resumption of firing advances as well as the delayed vote on the budget, which has impacted negatively on the financial situation in the country.”
The sources said that “the Rafidain Bank will put a suitable mechanism for the granting of loans and advances to the citizens and employees differ from its predecessors with the imposition of specific conditions to ensure the sponsors and the interest rate and deduction.”
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