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Bank Branches

Latest news

Speech of Director General and Chairman

Rasheed Bank continues occupying the first competitive rank at the Iraqi banking market and realizes growth in various business aspects. Total of its balance sheet increased to ID (17 718) billion in 2011 with an increase of (26%) compared to that of 2010. It achieved profits of (44%). Cash credit also rose of (28%) ... read more

Bank News

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BA'SHIQA INAUGURATE RASHEED BANK BRANCH Within Rasheed Bank expansive policy


 aiming at raising number of its branches allover Iraq to provide best banking services for all citizens, Mr. Kadhim M. Nashoor, DG & Chairman of Rasheed Bank has inaugurated a branch at Ba'shiqa Precinct, Nineveh Governorate. On this occasion a ceremony has been held, attended by Mr. Ghazwan Addawoodi, Governorate Council Member; Precinct Chief; Rasheed Bank Representative of the Northern Region; a number of institution DGs of the Precinct; region Bank branch managers and notabilities. Everybody has expressed their happiness about this achievement the Precinct waited for decades and they praised the significant role played by Rasheed Bank in contributing to upgrade economic and commercial development movement of new Iraq.


ON-SIGHT TOUR OF NAJAF, KERBALA'

Investment projects in Iraq have occupied a space within Rasheed Bank's priorities, the Bank DG Mr. Kadhim M. Nashoor affirmed during his on-sight tour of Najaf and Kerbala' Governorates; accompanied by a delegation of officers of the Bank Head Office …. Read more

 

 


SILVER JUBILEE: 25 YEARS OF CONSTANT SUCCESS, DOMESTIC, OVERSEES EXPANSION, FIRST-TIME PRODUCTS IN IRAQ


With blessings of His Excellency Minister of Finance, Dr. Safa' Addeen Safi; under chairmanship of Mr. Kadhim M. Nashoor, DG & Chairman of Rasheed Bank; in presence of DG Assistants, heads of departments of the Head Quarters and branch managers; and in honored presence of invitees of institutions related to banking business …. Read more




RASHEED BANK DG VISIT TO MOF EMPLOYEE HOUSING COMPOUND

Construction and Reconstruction Campaign the country is witnessing is included in Rasheed Bank projects. MOF Housin Compound located in Baghdad, Niariya wa Gaiyara Area, is one of the housing compounds the Bank has contributed in part of its expenses. In a tour Rasheed Bank DG. Mr. Kadhim M. Nashoor made to the compound location, which is implemented by New Life Investment Co.; he has met the company authorized manager …. Read more

 


FINANCING FARMERS, PEASANTS BY MURABAHA

Rasheed Bank is continuing its method of financing all sectors to develop economy, including agricultural sector by financing farmers and peasants by Murabaha method through its Islamic window represented by its Islamic Usool Branch, for the sake of purchasing agricultural machines and tractors.

 



ISLAMIC BANKING

Islamic Banking philosophy is application of Islamic Sharia in financial and banking transactions that creates a close link between religion and banking business; as it does not deal with taking or giving interest…. Click here for more.


ANNOUNCEMENTS FOR NATIVES AND EMPLOYEES

ANNOUNCEMENT FOR OWNERS OF AUTOMOBILE COMPANIES AND AGENCIES

Rasheed Bank invites all automobile companies to submit to its General Administration, Credit Dept. their applications attached with documents of company establishment, as the Bank is loaning Iraqi natives contracted with it to purchase productive machines and vehicles (1-ton and 2-ton pick-up, lorry, bus, tractor, reaper, bulldozer…. etc.) included in having numbered plate from Traffic Authority, in addition to regular cars for special needs (for the disabled). Thus, qualified companies (as to their capitals, audited balance sheet of the last two years, similar business, managements resident in Iraq and other commitments) will be adapted according to the applied regulations and instructions; provided that applications are submitted beginning from that date and based on instructions nr. 30025 ….. Click here.


LOANS TO PURCHASE PRIVATE, TAXI, PRODUCTIVE, INDUSTRIAL, AGRICULTURAL VEHICLES FOR EMPLOYEES, NATIVES

 

Rasheed Bank set instructions of making loans to state permanent employees and natives for purchasing private, taxi, productive, collective-transportation, agricultural and industrial vehicles. Rasheed Bank DG has indicated that loan amount is ID. (17 million) under a guarantee from a guarantor who is a state permanent employee, instructions were issued, ministries were divided under mutual agreement with Rafidain Bank and institutions under our bank's division were addressed. As to natives, they should submit applications through governorates' councils.

 


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:
1- Baghdad / Islamic Osool Main Branch / Wathba, near Hafidh Al-Qadhi Square.
2- Basrah / Faraheedi Branch / El-Seef, near Basrah Great Mosque.
3- Najaf Ashraf / Salam Branch / Ameer Quarter, Sadrain Square.
Also by intermediary of all Rasheed Bank branches.
For inquiry, call the following numbers:
07814731341


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.



 


Adress:
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
Sulamaniah Erbil Tameem Salah Alddin Qadissiah Muthana Najaf Karbalaa Babylon Wasit Thi qar Misan Basrah Baghdad Diyala Dihok Ninava Anbar