Faleh Sari Urges Rafidain Bank to Release Employee Loans and Speed Up Procedures

The Ministry of Finance said in a statement that its minister, Faleh Sari, directed on Monday the management of Rafidain Bank to release the financial loans allocated to employees and to facilitate procedures for obtaining them, with emphasis on shortening the time required to complete transactions and simplifying application steps.

The statement added that Sari visited the bank, during which he chaired a meeting that included Director General Ali Karim and a number of officials to review work progress and the level of banking services provided.

The statement noted that the minister heard an explanation from the director general about the stages of modernizing the bank and developing its systems, with an emphasis on automating procedures and adopting electronic technologies in managing banking operations to simplify transactions and improve work efficiency.

Regarding the private sector, Sari instructed that the necessary banking facilities be provided and companies enabled to access financing to support their productive and investment activities, enhance their role in creating jobs, and stimulate economic development, according to the statement.

The statement also noted the minister's affirmation that Rafidain Bank represents a fundamental pillar in the government banking system, and he called for continued development of its technical and administrative infrastructure and for raising the bank's performance.

The visit included the opening of a new branch dedicated to business customers inside the bank's main building, aimed at providing more specialized banking services and facilitating the completion of their transactions.

The ministry explained that this visit comes within its policy of modernizing the banking sector and expanding the use of digital technologies in managing financial operations, in line with the course of financial and administrative reform.