Dhi Qar: Rafidain Bank to stop lending until further notice

[Stillw8n]

Dhi Qar: Rafidain Bank to stop lending until further notice

Announced branch of the Rafidain Bank in the province of Dhi Qar stopped granting loans from the 15 of February, running until further notice, at the direction of the Ministry of Finance in the federal government.

He said the branch manager Hussein Abadi Nasiriyah News Network that the decision excluded the commercial loans, credit facilities and loans that have obtained the official approvals before this date.

The most likely cause of suspending the credit is to know the credit limit by the Central Bank of Iraq, particularly since the loan funds will impact negatively on inflation in the country.

The bank made loans during the last period of more than 700 government employees, and loans for housing about a hundred official in the whole province.

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