Rafidain Bank was established in 1941 with a capital of 50 thousand dinars. During those years, the bank went through various stages and major mergers until 1998. In this particular year, the bank was on a date with a major transformation; it became a public company owned by the state. Since then, it has contributed to supporting the national economy and providing the necessary financing for individuals, investors and entrepreneurs.
Currently, the bank has approximately 164 branches inside Iraq, which reflects the strength of the bank and the accuracy of its policies. It is worth noting that the bank has 7 branches outside Iraq: (Cairo, Beirut, Abu Dhabi, Bahrain, Sana’a, Amman, Jabal Amman).
There are many other loans, but what concerns us here is a group of loans specific to many economic sectors:
Firstly: Industrial sector:
Rafidain Bank provides a range of loans to industrial project owners with the aim of developing and rehabilitating factories and industrial plants.
secondly: Agricultural sector:
These loans are granted for livestock development projects.
Third: The tourism sector:
These loans are granted for the construction and furnishing of hotels and tourist facilities.
Fourth: Small projects sector:
These loans reach 15 million dinars and are granted for the purpose of supporting the small projects sector and increasing its contribution to the gross domestic product.
Rafidain Bank provides many financial services to individuals. It offers:
Loans for doctors, dentists, pharmacists and veterinarians to establish hospitals, open medical clinics or purchase medical supplies.
Loans for engineers to open consulting offices.
Loans for building commercial complexes.
Commercial loans are granted to merchants and shop owners.
