Al-Rashid: Our predecessor to pensioners up to 3 million dinars



18 May 2017


Al-Rasheed Bank announced on Thursday that it is providing advances to retirees up to 3 million dinars, stressing that the borrower must have a smart card from the bank exclusively.

The bank's assistant director Muataz Abdul Rasul said that "the bank is still continuing to grant advances to retirees according to his pension and the amounts ranging between one million and 500 thousand dinars and two million dinars and three million dinars."

Abdul Rasul said that "the interest on these advances up to 7% and the duration of payment of five years," stressing that "the pensioner must be a smart card from the bank exclusively."

It is worth mentioning that the Bank of Rasheed started in 2017 by granting salaries to employees of ten salaries according to certain mechanisms and controls.

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