Rafidain Bank announced the continuation of granting loans to buy cars in installments, while noting a number of companies choose to exercise this activity.
He said the media office of the bank in a statement / BD / received a copy of it: that Rafidain Bank continues to grant loans to citizens to buy a car in installments in the number of its branches. He pointed out that he was selected a number of companies to exercise this activity.
The statement said that the period of repayment of the loan up to five years.
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.
Bank passed 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 ( branches in a sawmill in some Arab cities, namely: Cairo, Beirut, Abu Dhabi, Bahrain. / End / 22 /
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