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Economist describes the establishment of the first Rafidain Bank as an excellent step
1/14/2025
Economic expert, Mustafa Akram Hantoush, described the establishment of the first Rafidain Bank as an “excellent step. ”
Yesterday, Monday, the Council of Ministers decided to establish the First Rafidain Bank with a capital of one trillion dinars and a government participation rate of 24%.
Hantoush told Al-Eqtisad News, "Establishing the First Rafidain Bank is an excellent step, especially since it will be a mixed sector company."
He added that the new bank will help the state enhance its payment and electronic transaction capabilities, in addition to assisting the Trade Bank of Iraq in transfers and credits.