Al-Rafidain launches electronic submission of advances to employees and retirees

[yota691]

Al-Rafidain Bank launches the "One Stop Shop" initiative to finance investment projects in Iraq

Rafidain Bank - archive photo

 09 January 2021 10:33 AM

 

 

Mubasher: Al-Rafidain Bank in Iraq announced the launch of the Single Window initiative to finance investment projects in the country with open financial ceilings.

The media office of the bank said in a statement received by the Iraqi News Agency (INA), today, Saturday, that it was decided to launch the one-stop-shop initiative to promote the investment sector in Iraq, in line with the bank's policy and plan aimed at supporting the national economy and contributing to activating the private sector, activities and investment opportunities.

The bank indicated that this initiative is based on facilitating and simplifying the procedures of companies and investors and completing the transaction in a timely and record speed away from red tape and excessive sagging episodes that require completion for a few days, through the establishment of a unified room of the concerned departments that have the task of investment whose goal is to complete the investor's transaction And granting him the loan with ease and smoothness.

 

[yota691]

Al-Rafidain launches a single window initiative to finance investment projects

Economie| 09:25 - 01/09/2021

 

 

 

 

BAGHDAD - Mawazine News
Al-Rafidain Bank announced, on Saturday, the launch of the Single Window initiative to finance investment projects in the country with open financial ceilings.
The bank’s media office said in a statement that Mawazine News received a copy of, that “in line with the bank’s policy and plan aimed at supporting the national economy and contributing to activating the private sector, activities and investment opportunities, and under the direction of the Ministry of Finance to support investment, it has been decided to launch the Single Window initiative to promote the investment sector in Iraq".
He added, "This initiative is based on facilitating and simplifying the procedures of companies and investors and completing the transaction at a record time and speed away from red tape and excessive sagging episodes that require completion for a few days by establishing a unified room of the concerned departments assigned to it the task of investment that aims to finish the investor's transaction and grant him. The loan is easy and smooth. ”Ended 29 / A43

[yota691]

Al-Rafidain gives loans to finance investment projects

Sunday 17th January 2021 117

 

  Baghdad: Morning

 

Yesterday, Saturday, Rafidain Bank began granting loans for the construction and rehabilitation of a number of investment and housing projects in Baghdad and the provinces.

A statement by the bank said, "A number of projects have been financed and marketed, and many companies and investors who intend to cooperate with the bank for the purpose of obtaining these loans have attracted." 

The bank called on investors and companies wishing to obtain financing and financial marketing for them to "visit the bank's branches for the purpose of reviewing the conditions for granting loans, in the service of the public interest."

[yota691]

Al-Rafidain clarifies the goal of the Single Window initiative

•  Time: 01/17/2021 09:54:01
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•  Read: 2,509 times

  

{Baghdad: Al Furat News} Al-Rafidain Bank announced that the Single Window initiative aims to finance investment projects in the country with open financial ceilings.

The media office of the bank said in a statement that Al Furat News Agency received a copy of, that “in line with the bank’s policy and plan aimed at supporting the national economy and contributing to activating the private sector, activities and investment opportunities, and under the direction of the Ministry of Finance to support investment, it was decided to launch the one-stop-shop initiative to promote the investment sector. in Iraq".
He pointed out, "This initiative is based on facilitating and simplifying procedures for companies and investors and completing the transaction at a record time and speed away from red tape and excessive sagging episodes that require completion for a few days by establishing a unified room of the concerned departments assigned to it the task of investment whose goal is to complete the investor's transaction." And granting him the loan with ease and smoothness. "
Ammar Al-Masoudi

[yota691]

The Iraqi Housing Fund raises citizens ’loans to 75 million dinars

The Iraqi Ministry of Construction, Housing, Municipalities and Public Works

 January 20, 2021 11:48 AM

Mubasher: The Iraqi Housing Fund, one of the formations of the Ministry of Construction, Housing, Municipalities and Public Works, announced today, Wednesday, that it will raise citizens ’lending to 75 million dinars instead of 50 million dinars.

The fund said, in a statement, that it would start lending to citizens an amount not exceeding 75 million dinars in Baghdad, and 50 million dinars in the peripheries and governorates for construction, instead of 40 million dinars.

The fund added, in addition to adding a building without interest and for a payment period of 20 years, in exchange for a one-time administrative commission of 5%, with the guarantee of the property itself and with a guarantee accepted by the fund .

The spokesman for the Council of Ministers, Hassan Nazim, confirmed yesterday that the loans for the purchase and construction of housing units will be without interest.

Nazem explained that the work of the committee supervising the loans of the Central Bank has been activated, indicating that the loans for the purchase of housing units in investment complexes will be without interest, as the loans for building housing units will be without interest and at an amount of 75 million dinars.

[yota691]

Al-Rafidain begins the procedures for granting construction loans

Tuesday, January 26, 2021 52

 

  Baghdad: Morning

 

Al-Rafidain Bank started the procedures for granting construction loans to citizens and employees.

A statement of the bank’s media office said yesterday, Monday, that "its branches spread in Baghdad and the provinces have begun procedures for granting loans of 50 million dinars to build on a plot of land."

He added, "The loan is given in two installments, and if the borrower wishes, it will be granted in one payment."

[yota691]

In the document .. Rafidain Bank publishes instructions for interest rates and their rates

•  Time: 01/26/2021 12:13:07
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•  Read: 14,651 times

  

 

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Al-Rasheed announces the resumption of promoting construction loans amounting to 50 million dinars

•  Time: 01/26/2021 12:24:56
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•  Read: 3,341 times

  

{Baghdad: Al Furat News} Today, Tuesday, the Rasheed Bank announced its resumption of promoting the granting of construction loans, which reach (50) million dinars, as a maximum for citizens.

"The instructions included submitting a building permit in the case of construction and adding an original building whose validity period is not less than (8) months from the date of submitting the loan application," the bank’s media office said in a statement.
He added that "the term of the loan reaches 15 years from the date of placing the first payment at the disposal of the borrower."

It is noteworthy that the Rasheed Bank started during the last period to grant loans and advances to employees and citizens of various types according to certain conditions and controls.

[yota691]

Al-Rasheed resumes promoting construction loans amounting to 50 million dinars

Wednesday 27th January 2021 45

 

 Baghdad: Morning

 

Al-Rasheed Bank announced, yesterday, Tuesday, its resumption of promoting the granting of construction loans amounting to 50 million dinars as a maximum for citizens, while Al-Rafidain Bank began granting 25 million dinars loans to commercial stores. 

A statement by the bank stated, "The instructions included submitting a building permit in the case of construction and adding an original construction permit whose remaining validity period is not less than (8) months from the date of submitting the application for the loan."

He added, "The term of the loan is 15 years from the date of placing the first payment at the disposal of the borrower."

Meanwhile, Rafidain Bank directed its branches in Baghdad and the governorates to grant loans in the amount of 25 million dinars to shops and other professions.

A statement of the bank indicated, "In line with the bank's policy aimed at diversifying the services provided and in support of the national economy in financing various projects and reducing unemployment and employing manpower, it has been decided to increase the amount of granting small-business loans to 25 million debt."

He continued, "The bank called on citizens, owners of shops and other professions of all kinds, to take advantage of this loan and apply for it in the bank's branches spread in Baghdad and the provinces."

[yota691]

Finance issues guidance on small business loans

•  Time: 01/2021/30 10:02:03
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•  Read: 3,354 times

  

{Baghdad: Al Furat News} On Saturday, the Ministry of Finance issued a directive regarding small business loans.

In a statement, the Euphrates News Agency received a copy of it, the ministry stated that it had instructed Rafidain Bank in all bank branches in Baghdad and the governorates to promote small business loans to citizens of commercial shop owners and other professions, and the loan amount might reach 25 million dinars. 

According to the statement, she called on citizens, owners of shops and other professions of various kinds, to take advantage of this loan and apply for it through the bank’s branches spread in Baghdad and the provinces.

Raghad Daham

[new york kevin]

Well this certainly sounds like a good development . If people can build a business for the equivalent  of $17, 450 USD , approximately. 

Edited January 31, 2021 by new york kevin

[yota691]

Al-Rasheed issues instructions for granting loans to citizens

Monday 01st February 2021 75

 

 Baghdad: Suhair Muhammad Gharib

 

 

On Sunday, Rasheed Bank issued its instructions regarding granting loans to citizens.

The bank specified, in a statement to its media office, that “the loan amount is 50 million dinars, as a maximum, to be granted on an area of (100) square meters and the building area is not less than (70) square meters and (40) million dinars for an area of no less than (70) square meters. The building area is not less than (60) square meters, while the amount of (30) million dinars as a maximum is granted on the land area that is not less than (50) square meters, and the building area is (40) square meters.

The bank stipulated that "a fundamentalist license must be submitted from municipal institutions on a common plot of land or on the face of independence."

In turn, the Iraqi Housing Fund, one of the formations of the Ministry of Construction, Housing and Municipalities, announced the opening of the door for applications for loan transactions for the year 2021, starting from Monday, in Baghdad and the governorates, until the end of the current month, or the prescribed quota runs out.

[yota691]

The Central Bank launches a package of loans related to the housing sector

 

Central Bank of Iraq building

Banks Economy News - Baghdad The Central Bank of Iraq, Al-Atait, announced the launch of a package of loans to citizens and employees wishing to buy housing units throughout Iraq. "In order to alleviate the effects of the housing crisis that the country is going through, the Central Bank of Iraq decided to continue its initiative to support the liquidity of the housing sector (the Housing Fund and the Real Estate Bank) to lend to citizens and employees wishing to buy housing units throughout Iraq," the Central Bank said in a statement. ". He emphasized that the introduction ports are divided into two types, the first: Housing Fund loans that amount to (75) million dinars to build housing units with an area of not less than (100) square meters or add building in Baghdad and provincial centers, and loans of (60) million dinars in the districts of the capital Baghdad and (50) million dinars outside The centers of the rest of the governorates, and loans in the amount of (75) million dinars for the purchase of housing units in residential investment complexes that have already been approved for financing from the fund. 20) years, to facilitate the value of the monthly installment. The statement added that the second type of loans is “real estate bank loans at an amount of (100) million dinars to buy housing units outside investment housing complexes with an area of not less than (100) square meters, and these loans will have a diminishing annual interest rate of (2%) of the value of the loan and the duration Repayment not exceeding (20) years. " In addition to "loans in the amount of (125) million dinars for the purchase of housing units in investment housing complexes, these loans will be interest-free, provided that a one-time administrative commission of (5%) is deducted from the value of the loan, with a repayment period not exceeding (20) years." In his statement, the Central Bank referred to another initiative "by granting loans to employees whose salaries are settled in (governmental and private banks) at an amount of (15) million dinars, with a one-off commission of 4% of the loan value, with a payment period of 5 years."

Number of observations 143   Date added 02/01/2021

[yota691]

A new statement from Rafidain Bank regarding the advances Rafidain Bank

 

 

1,932 Economie 02/03/2021 09:12 Baghdad today -

Baghdad On Wednesday (February 3, 2021), Rafidain Bank issued a new statement regarding advances in Baghdad and the provinces. The bank said, in its statement received (Baghdad today), that "the previous submission on the advances has been canceled, and employees who intend to obtain the advance must apply for it again through the bank's branches in Baghdad and the provinces next week." The statement stressed that "the advances without a sponsor for employees whose salaries are based exclusively on Rafidain Bank and holders of a Master Card."

[yota691]

The Central Iraqi Initiative Loans Of $ 5 Trillion Are Granted With The Approval Of Government Committees

On February 3, 2021

 

• Al-Independent / - The Central Bank of Iraq said today, Wednesday, that granting loans to projects is done through a government committee.

 

The Director General of the Accounting Department at the Central Bank, Ihssan Shamran Al-Yasiri, told the Iraqi News Agency “INA”: “There is a committee headed by the Secretary-General of the Council of Ministers and a sub-committee headed by the head of the advisory board in the General Secretariat of the Council of Ministers, which studies transactions or exchange issues that come from the specialized banks regarding The five trillion dinars loan initiative, in addition to the committees looking at the extent of the strategy of these projects.

Al-Yasiri added that "the activation of strategic projects is not related to the amount of the loan, and the loan may be medium or small, leading to the activation or creation of a strategic project in accordance with the criteria established for the strategic concept by employing the largest number of workers and using local raw materials."

 

 

Al-Yasiri pointed out that "project loans are preferred to be a priority that creates and enhances investment and adds value to the national economy and contributes to employing workers as there is no justification in competition with local industries that do not contribute to raising the value of the national economy."

 

 

 

He explained that "granting loans is not linked to the bank window, as there are some banks involved in the issue of borrowing and in promoting development in their own resources."

 

 

He emphasized that "the development resources are the funds allocated by the Central Bank through the initiative that it launched. It was the initiative of 5 trillion dinars, which is given to specialized banks, the Industrial and Agricultural Bank, the real estate sector and the housing fund."

 

 

Al-Yasiri added that "there is an initiative of one trillion dinars granted to private banks as well as medium and small enterprises, as these loans have been activated through this initiative or window that includes amounts of up to one billion dinars."

 

 

He added that "the high interest rate of bank loans is linked to their own resources and the risk of non-payment, as the percentage of interest granted on loans granted by banks from their resources to citizens is high by up to 6%, 8% or 10%."

And that "the resources of the initiative that was activated at the beginning of 2021 have little or no benefits for the housing sector, in addition to that the percentage of the industrial sector reaches around 2%, and this difference between the loans granted by banks from their resources or granted by the initiative of the Central Bank."

[yota691]

Al-Rasheed issues his instructions regarding granting an advance to non-resident officers with their salaries

09:53 - 04/02/2021

 

  

The information / Baghdad ..
Al Rasheed Bank announced, on Thursday, its decision to grant officers of the Ministries of Interior and Defense and National Security personal advances.
The media office of the bank stated, in a statement received / the information /, a copy of it, that "the advance will be granted without the condition of resettlement, provided that the applicant submits a written pledge to localize his salary with our bank (exclusively) in the future."
He added that “the amount of the advance was determined in three levels (5/10/8) millions according to the limits of the net salary, provided that the amount of the installment and the monthly interest of this advance does not exceed (50% ؜) of the net salary and is calculated by the straight-line method and confirmed that the terms of grant and payment will be published Later". End / 25

[yota691]

Al-Rafidain unveils a program that allows immediate loan delivery and sets the date for its launch

 

Rafidain Bank logo

Banks Economy News - Baghdad Al-Rafidain Bank revealed, on Saturday, a new electronic program that allows immediate loan delivery, setting its launch date.   The director of the bank, Hussein Ali, said in a statement to the official news agency "Conscious" and seen by "Al-Iqtisad News", "The management of Rafidain Bank decided to implement the accounts for granting advances to employees and retirees between the bank and the global smart card company," pointing out that "for four months A succession of work. The bank was unable to apply the wallet, and the bank did not receive the smart card program.   Muheisen explained that "all programs are exclusively in the hands of the global company, so the bank was forced to intensify efforts to make a program to launch the advances, and a program that keeps pace with modernity has been established, and it has been installed in some branches of the bank and training cadres on it so that they are ready to work next week." He pointed out that "this program allows applying for advances and immediate receipt of the same day from the bank's branches."   He pointed out that "there are no cases of blackmail because the work is electronic, and there are teams to monitor, diagnose negative cases and treat them if any," indicating that "the bank has raised the savings interest to 4.5% and fixed deposits to 6%."

Number of observations 116   Date of addition 02/06/2021

[yota691]

Iraqi "Rafidain" raises the deposit yield and launches a program to deliver loans immediately

Iraqi Rafidain Bank

 February 06, 2021 12:11 PM

Mubasher: Al-Rafidain Bank of Iraq revealed its intention to launch a new electronic program that allows immediate loan delivery.

 

Hussein Ali Muheisen, director of Al-Rafidain Bank, told the Iraqi News Agency, "INA," today, Saturday, that the management of Al-Rafidain Bank decided to implement the accounts for granting loans to employees and retirees between the bank and the global smart card company.

Muheisen explained that during four consecutive months of work, the bank was unable to apply the wallet and the bank did not receive the smart card program.

Muheisen indicated that all programs are exclusively in the hands of the global company, which prompted the bank to intensify efforts to create a program for loans, as a program that keeps pace with modernity has been established, and it has been installed in some branches of the bank and trained staff on it so that it is ready to work next week.

He emphasized that the new program allows applying for loans and immediate receipt of the same day from the bank’s branches.

He indicated that there is no opportunity to implement cases of extortion because the work is electronic, in addition to that there are teams to monitor, diagnose negative cases and treat them if any, indicating that the bank has raised savings benefits to 4.5 percent and fixed deposits to 6 percent.

[yota691]

'Repayment period is 15 years'

Al-Rafidain Bank reduces the down payment for Basmajah apartments and restores the sponsor's condition

2021.02.09 - 19:48

 

  

Baghdad - People   

Al-Rafidain Bank announced, on Tuesday, the reduction of the provided percentage of the residential unit value of the Basmajah Residential Project to 10%  

  

  

The bank’s media office said in a statement that “people” received a copy of it (February 9, 2021), that “the bank has also decided to restore the sponsor’s condition for citizens who intend to apply for loans to purchase housing units in Basmajah, with the exception of employees whose salaries are exclusively with the bank.”  

He added, "The repayment period is 15 years."  

He explained that "a number of branches have been identified to apply for Bismayah apartments, which are the branches of (Al-Mustansir - Caliphs - Al-Amin - Bab Al-Sharqi - Al-Firdaws - Al-Zahraa - Baratha - White Palace - Arab Quarter - Al-Amel neighborhood - Al-Maarifah - Seven Palaces - Al-Hurriya - Al-Madaen). . 

[yota691]

The Central Bank launches the 15 million dinars loan initiative

 

- 02-11-2021 03:04 PM - Readings: 2038

The Iraqi Private Banks Association announced today, Thursday, the launch of the Central Bank of the 15 million dinars loan for citizen employees whose salaries are exclusively in government and private banks within the 1 trillion dinars initiative.

The Executive Director of the Association of Private Banks, Ali Tariq, said in a statement received by "Tigris", "The Central Bank of Iraq decided to support workers in state, public sector and security institutions by granting them soft personal loans," adding that "the loan does not exceed 15 million dinars without Interest, but with a commission of 4% and a payment period not exceeding 5 years, without a guarantor.

Tariq noted that "the loan includes only national employees whose salaries are in banks, calling on state institutions to localize employees' salaries so that they can benefit from them."

He stressed that "this loan is personal and unspecified, and the employee can benefit from it in covering his personal needs in daily life, such as construction, marriage, car purchase and others."

[yota691]

Launching 20 thousand units in Basmajah with low prices and soft loans

Saturday February 13th, 2021 138

 

 Baghdad: Hazem Muhammad Habib

 

The President of the National Investment Commission, Suha Al-Najjar, revealed that Al-Rafidain Bank had issued instructions regarding the purchase of housing units in the Basmajah complex, according to the Prime Minister’s directives, to release 20 thousand housing units during the current and next year to solve the housing crisis. 

While confirming that the launch of housing units will be at a subsidized price and soft loans, she indicated coordination with the provinces to revive the one million housing units project.

Al-Najjar said in a statement to Al-Sabah: “Prime Minister Mustafa Al-Kazemi directed the National Investment Authority to launch those housing units with a Basmajh project at subsidized prices and soft loans to solve the housing crisis for citizens.”

She added, "This directive comes after the cabinet’s decision to reduce the down payment on units in all their areas while extending the term of the loan."

The head of the National Investment Commission added that "Al-Rafidain Bank took the initiative to support the project and issue instructions, and it is expected that Rasheed Bank and TBI Bank will join it, indicating that" registration will take place through the authority’s office in the Baghdad fair and the three government banks mentioned above. 

She indicated that "the old payments were between 18 - 42 million dinars, and now they have decreased between 7 - 11 million dinars", explaining that "the loan period is currently 25 years, after it was 15 years, and the monthly installment will remain fixed and ranges between 380 thousand. To 450 thousand, "explaining that" apartments will be delivered during the current year and next year. " 

Al-Najjar pointed out that “the total number of apartments in the Bismayah complex is 35,000 units, ranging in size from 100 to 140 meters. 

Confirming that «the Commission is currently working with all provinces to revive the project of one million units, which will be offered at subsidized prices and on easy terms».

[yota691]

Iraqi Rafidain Bank: Granting advances and loans to employees and citizens "continuous"

Iraqi Rafidain Bank

 February 13, 2021 10:46 AM

Mubasher: The Iraqi Rafidain Bank announced that it will continue to grant loans, advances and other banking facilities to citizens and employees.

Al-Rafidain Bank stated on its official Facebook page today, Saturday, that it continues to grant loans, advances, investment project loans and other banking facilities through the bank’s branches.

Al-Rafidain Bank had mentioned earlier that it reduced the provided percentage of the residential unit value of the Basmajah residential project to 10 percent.

At the time, the bank hinted that it decided to restore the sponsor's condition to citizens who seek to apply for loans to buy housing units in Basmajah, with the exception of employees whose salaries are transferred exclusively to the bank.

[yota691]

A bank launches multiple loans for all citizens

•  Time: 02/16/2021 12:37:48
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•  Read: 5,876 times

  

{Baghdad: Al Furat News} On Tuesday, Ashur International Bank directed all its branches in Baghdad and the provinces to promote loan-granting transactions that include all citizens.

The media office of the Assyrian Bank said in a statement that Al Furat News received a copy of, that "the bank's policy aims to diversify the banking services provided in the bank, and the directive has been made to promote transactions of housing loans and personal loans for employees whose salaries are domiciled in the bank," adding that "the loans granted to employees in Non-resident public sector departments pay their salaries in the Ashur Bank. " 

The statement indicated, "The owners of professions, shops, and medium and small enterprises have their share in financing these projects within the loan program" step "to reduce unemployment and employ manpower under the current economic conditions, calling" all citizens without exception to benefit from granting these loans. "

Forgiveness Al-Khalidi

 

 

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Al-Rafidain Bank issues a statement regarding employees' advances

Sweeteners

2021-02-16 | 04:06

 

 

11,172 Views

 

Al-Rafidain Bank announced today, Tuesday, that granting advances to employees via the electronic card is through its branches.

The media office of the bank said in a statement received by Alsumaria News, "The mechanism established by the bank to apply for the advance allows it to be received immediately and without delay."

According to the statement, the bank called "the employees about their visit to the bank's branches to obtain an advance and adhere to the health procedures followed to prevent Corona."

[yota691]

Al-Rafidain gives advances to employees via an electronic card

Wednesday 17th February 2021 100

 

  Baghdad: Mustafa Ibrahim 

 

Al-Rafidain Bank confirmed, yesterday, Tuesday, that granting advances to employees by means of the electronic card is through its branches, while Rasheed Bank announced that the army’s employees are included in advances and loans. 

The Rafidain Bank statement stated that "the mechanism established by the bank to apply for the advance allows for immediate receipt without delay." 

The statement called on "employees to visit its branches to obtain advances, while adhering to the health measures followed to prevent Corona."

In the meantime, the Rasheed Bank indicated that work continues to complete the cards of all ministries that signed a contract with the bank.

A statement by the bank stated, "The General Director of the Rasheed Bank, Basem Abd Ali, has instructed the army’s employees to include advances and loans, similar to the employees of the Ministry of Interior." 

He continued, "Work continues to complete the cards of all ministries that signed a contract with the bank, to be included by applying for advances through the electronic system, which will start working soon."