KTFA
FRANK26: "ANNUAL IMPLEMENTATION OR AUDIT?".........F26
Rafidain Bank announces the suspension of all types of credit activities
11/29/2024
Rafidain Bank announced the suspension of credit activity as of December 15th for the purposes of annual implementation.
The bank confirmed in a statement received by {Euphrates News} a copy of it that "due to the approaching end of the fiscal year and for the purposes of the annual application and to make room for the liquidation of the suspended funds and the preparation of statistics and annual inventory and the organization of budgets, all types of credit activity will be stopped on December 15, and loan applications and other banking services will not be promoted."
The bank directed its branches in Baghdad and the governorates to "complete all completed transaction requests that have advanced procedures before the above date."
The statement pointed out that "work on promoting loans will resume early next year."
The bank directed its branches in Baghdad and the governorates to "complete all completed transaction requests that have advanced procedures before the above date."
The statement pointed out that "work on promoting loans will resume early next year."