Al-Rafidain Bank Launches New Financial Facilities to Address Defaulters' Loans

mniraq - Al-Rafidain Bank announced a package of new measures and facilities aimed at simplifying loan repayment mechanisms for defaulters, with the goal of alleviating their financial burdens. The new mechanism requires the payment of at least twenty percent of the original loan amount, after which the remaining balance is rescheduled under the same original conditions of interest and duration. This step aims to enhance cash liquidity, reduce financial default cases, and reinvest collected funds into issuing new developmental loans.