Rafidain Bank depends on the sponsor’s support for a loan of 15 million dinars




August 16, 2017

Al-Rafidain Bank directed its branches in Baghdad and the provinces by adopting a letter of support from the sponsor’s department, which is responsible for guaranteeing the borrower who wishes to grant loans of small and medium enterprises amounting to 25 million dinars.

The bank’s media office said in a statement that the bank has issued a letter of support from the sponsor’s department in which it supports the continuation of the service and the net monthly salary received by the sponsor.

He explained that the bank relied on a mortgage of the first degree in favor of the bank in case the borrower can not provide the sponsor.


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