Mesopotamia lowers his staff and announces a new policy.



In an economy May 8, 2017 40 visits

Baghdad/SNG

Rafidain Bank announced about new controls and conditions to grant advances to the ministries and Government departments through its branches in Baghdad and the provinces to be five million dinars rather than ten advance salaries.

The Bank's information Office said in a statement it had received a copy of SNG, "the Bank announced the terms of granting advances to 5 million for State officials and apply electronically through the website," calling on employees to "see such instructions and conditions of the advance.

And controls advances, it said: the advance student required to get them to have at least one year service [install set] and the amount of the advance payment of five million, five-year term, paid in equal installments every month. "

And the interest rate of the predecessor "9% annually one way is declining and installment Sabha paid in instalments fixed with advance payments, one month after the date of grant, and meet a 2% management fee, the amount of the advance is granted, not to exceed the monthly deductions are required to advance with other obligations owed by 50% of the total salary.

The statement noted that "the guarantor lender [civil servant of the State officials, including civilians from the defense and interior ministries] who don't say at least one year of service and does not accept the corresponding guarantees total deductions does not exceed 50% of overall sponsor's salary, insurance payments of advances through the financial section endures the beneficiary".

He noted that "in the case of a former citizen which is a predecessor or cash before the advance is paid the remaining amount.

Either the required documents for applicants to advance, they offer tariff identities [civil status identity Iraqi citizenship certificate housing or national card card]. "

And the statement that "review grants to the Ministry which will linger on the payments owed to its employees and the ministries or departments covered by the predecessor to provide a disk [CD] salary includes full affiliates [and that's called settling salaries] attached to an official letter signed by the Chief of service in favour of the validity of the data in the disk [CD] and is entitled to the information and communication technology".

He continued as "the information technology section of the intersection of data with electronic forms that are filled out by the student and advance through the website of the Bank for the same circle shaped packed and sent to the branch on which will grants, that is selected by the Fund Manager or authorized by the Ministry or Department.

"The information and communication technology department creates a good Bank Overture/computerized Department for the purpose of exchanging names of former grantees for intersection and guarantees of non-repetition, and support centers in the regions sent delegates gentlemen offices staff for training on the process of localization of salaries and then send the data to a disk [CD] to the it Department.

"And when the branch to receive electronic reports by the information technology Department is to provide financial director or authorized by the forms enclosed instructions.

Rafidain Bank pointed to "seal the forms referred to in the paragraph above the seal of the validity of the information contained in the documents required by the administrative service administrator in the Directorate concerned and send all the information of the Directorate, however, supported that account manager or financial degree after authorized under a formal letter as branches are supplied with the names of individuals authorized to sign transactions and signatures models and their branders.

He stressed that "responsibility to repeat grants to any student of his predecessor, the Ministry or the lender undertakes to meet the monthly installments from his salary and transfer it to the Bank in accordance with the attached application form instructions for 10 days before the date of disbursement of compensation in case of delay interest calculated takhirih 2%, the number of delay days from due date until date of payment plus interest and sign a legal form [contractual] by the Administrative Department at the Ministry or department concerned."

10. assume responsibility for the accuracy of the Ministry or Department of the lender required documents attached with the advance application forms and support us.

11. inform the borrower not to review sections for the purpose of the advance only after contacting the Ministry representative or service concerned [CFO], or by phone, for regulatory purposes.

12-regulated credit contract between the Bank and the employee and the nature fee are met [2 000].

13. affiliates save pledges and contracts after the grant decision as in previous grants help.

14. grant credit is allocated in accordance with section and should not be exceeded in any case.

15. advances are posted on loans and credits system that has been installed at all, our branches and are matched with General Ledger daily and send storage at the end of each week to the communications and information technology section.

16. the Statistical Division to provide loans on a monthly repayments of advances for the purpose of supervision and follow up and make sure not to exceed the ceiling for credit.

17. receipt of payment of the service concerned by the instrument but adopted within 10 days of receipt of salary and service pledges based on the pledge form attached instructions and attach with a detailed table instrument containing the names of the borrower with payment amount for each borrower.

18. the advance balance becomes payable in full at the time the employee owed or the resignation or retirement or leave without pay or for whatever reason [death, separation, leaving work... etc.] welaimnh clearance before shot for the full balance of the advance or if the sponsor's commitment to accept the remaining installments monthly salary.

19. If you transfer the employee owed to his district to another party might obtain credit student service pledge of movable side.

20. in the case of redemption before maturity interest is calculated on the amount until the payment date after adding one month about differences in fixed interest calculation.

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