Rafidain Bank proceed to issue MasterCard card to customers inside and outside Iraq
Rafidain Bank proceed to issue MasterCard card to customers inside and outside Iraq
31/01/2015
BAGHDAD / JD / .. Rafidain Bank announced Mbacherth issuing MasterCard card in its branches inside and outside Iraq, while noting the possibility to withdraw his money from the cardholder’s account in any province or state.
The bank said in a statement received / JD / copy of it: that the bank issued a pilot of MasterCard cards offering used all over the world for being a manifestation of modernism in the banking business. He pointed out that this service check several privileges the most important dispense the use of paper money.
He added that the bank cardholder can also withdraw his money from his own account in any province or state where online without the need to carry cash.
It is noteworthy that the Rafidain Bank was established by Law No. (33) for the year 1941 and started operations in 1941 with a paid-up capital of 50 000 Iraqi dinars.
Over the bank several stages during his historic first represented his presence as the first national bank practiced commercial banking among many foreign banks.
And began the gradual expansion within Iraq then has gone through multiple integration began in 1964, included the commercial banks that were operating in Iraq, where he was in 1974, consolidated with the Rafidain Bank, which became the only commercial bank in Iraq.
In 1998, the bank saw a new development is its transformation into a public company wholly owned by the state in accordance with the provisions of the Public Companies Law No. (22) of 97 in order to contribute to the national economy in the field of commercial banking and investment funds and to provide funding for the various sectors in accordance with the development plans in the framework of economic and financial policies and cash for the state.
The number of bank branches currently 147 branches in Iraq, in addition to (8) branches in a sawmill in some Arab cities, namely: Cairo, Beirut, Abu Dhabi, Bahrain. / End / 22 /
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