Bank Media Participation
Procedures for banking services
DG / CHAIRMAN SPEECH
Since its foundation in 1988, RASHEED BANK had several efficient administrations that came successively. They continued their extraordinary giving, depending on regulations, laws and its adopted by-laws. We have been tasked to administrate Rasheed Bank having been serviced at several state-owned banks. The Bank represents one of the major financial institutions in Iraq that affect the economy levels and trends. In an analytic study made by Studies and Research Office, Union of Arab Banks . Read more .....
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ANNOUNCEMENTS FOR NATIVES AND EMPLOYEES
Rasheed Bank calls on natives to deposit their cash savings in the investment accounts of special profitability according to Islamic Sharia' at the Bank's branches:
We would like to confirm that Rasheed Bank instructions state on that applications of employees and natives to have loans to purchase vehicles to be submitted through ministries, governorates' councils and local federations established under law, but not through any other party or private companies.
LENDING BANK EMPLOYEES TO PURCGASE VEHICLES
Seeking at increasing productive investment, the Bank decided to make loans to its good customers of banking facilities or loans documented with real-estate collateral to purchase modern productive vehicles from the State Company of Cars and Machinery or from other companies. The amount of loan to be defined depending on vehicle value has the purchaser paid its customs duties. A yearly interest rate of 9% was defined, provided that the vehicle model is modern (2009 and on) and it is registered at the Traffic Authority.
MICRO LOANS FOR FEDERATIONS AND UNIONS ESTABLISHED UNDER LAW
Seeking at contribution in reviving national economy, Rasheed Bank decided to include federations and unions, established under law, in micro loans to enable willing members to establish their own business offices; provided that the member has a business license and a lease with individual guarantee by a state permanent employee.
Rasheed bank \ General Administration \ Al-Rasheed Quarter \Area no. 110\St. no. 25
P.O. 53926 - Bab Al-Mua'dham post office - Baghdad - Iraq
Phone : 8188921 - 8177976
Complaints numbers: Public Relation division 07902259094\8186776 Internal control division:8184248