Rafidain Bank Denies Doubling Loan Deductions When Salary Funding is Delayed

The management of Rafidain Bank refuted recently circulating reports regarding banks deducting two consecutive installments from the loans and advances of employees and retirees in the event of delayed salary disbursements. The bank confirmed that the approved electronic system deducts only one installment per actual salary funding process, regardless of the time elapsed. The bank urged citizens to obtain information from official sources and avoid rumors aimed at causing concern among borrowers.