Rafidain Bank announces the settlement of approximately 87% of the external debt file.
Rafidain Bank announces the settlement of approximately 87% of the external debt file.
8-26-2025
Al-Maalouma/Baghdad..
Rafidain Bank announced today, Tuesday, the settlement of about 87% of the external debt file.
The bank stated in a statement received by /Al-Maalouma/ Agency, that “confirming the previous announcement regarding Rafidain Bank’s achievement of settling about 87% of the external debt file and achieving a major negotiating breakthrough with major Dutch and French creditor companies pursuant to Cabinet Resolution No. (403) of 2025, the bank announces today a new step that embodies its firm commitment to international credibility and consolidating confidence in the Iraqi financial sector.”
He added, “Through its legal and international team, it was able to close all lawsuits filed by Dutch companies before the Curacao Court after reaching final legal settlement agreements, as the settlement contracts were officially deposited in the lawsuit files and announced in accordance with approved international judicial frameworks.”
He pointed out that “this step comes as a continuation of the tireless efforts made by the Iraqi government and the General Administration of Rafidain Bank to settle old obligations and strengthen Iraq’s legal and financial position before international courts, thus consolidating the bank’s image as a sovereign arm capable of protecting the state’s interests and managing its foreign affairs with the highest levels of professionalism and governance.”
He explained that “what has been achieved today strengthens Rafidain Bank’s strategic path towards the complete closure of the foreign debt file, and sends a clear message to the international community that Iraq is steadfastly pursuing its approach to financial reform and consolidating confidence in its economic sovereignty.”
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