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Al-Rasheed warns against promoting advances outside its branches

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Al-Rasheed warns against promoting advances outside its branches

Rasheed Bank logo
Economy News - Baghdad


Al-Rasheed Bank announced, on Sunday, that it is not responsible for any banking dealings outside its branches.

The media office of the bank said in a statement seen by "Al-Eqtisad News", that "the mechanism for applying for advances is through the person's review of the branch concerned and submitting the master card and official documents without any intermediary."

He added, "When the transaction is completed, text messages are sent to the borrower informing him of the amount granted."

It is noteworthy that Rasheed Bank announced earlier, granting advances to employees and reducing interest from 8% to 5%.

Number of observations 84   Date of addendum 09/20/2020

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