Rafidain Bank: granting advance ten salaries for employees to be calculating marital allowances and

First topic message reminder :


Rafidain Bank: granting advance ten salaries for employees to be calculating marital allowances and certificate


10/04/2017

Rafidain Bank announced that the granting of ten advance to the salaries of the ministries and state institutions are calculated through the fixed allocation "marital certificate" for an employee that no more than 10 million dinars.

The Information Office of the Bank said in a statement obtained "direction Press" a copy of it, that "the Bank has set legal conditions for the granting of such advance staff to be paid in a period of five years, and equal monthly installments."


He noted that "the interest rate of 9% per annum is calculated on a straight declining and pay fixed installments with the advance premiums month after the grant date."


He explained that "the ten salaries, an advance be calculating the nominal salary of the employee with marital allowances and certificate."
EST

[You must be registered and logged in to see this link.]

A new statement to applicants on the ten advance salaries

April 15 .2017 - 9:28 | Number readings: 1151

Sommer News: Iraq confirmed that the names of the applicants bank employees to obtain ten advance salaries from various ministries and state institutions are subject to the intersection of the process of information for the purpose of ascertaining and ensure that no repetition of the names of the employees.

The Information Office of the bank called in a statement, Lord's (Sommer News), "ministries and state institutions to guide the book branches of the bank includes the names of candidates from the staff and facility with the filing of candidates and then the branches to send these names to the General Administration of the Bank."

He noted that "transactions are not taken to promote only after receiving a letter from the General Administration confirms not to repeat the names," explaining that "the branches of the bank to support the validity of the book received from the ministry or department concerned."

[You must be registered and logged in to see this link.]

Iraq waving off an advance "ten salaries" for specific names

Kurdistan24 Erbil Kurdistan24 Erbil one hour ago 0 comments
A - A A +
Iraq looms off the advance of the "Ten salaries" for specific names
Advances granted to employees provided an estimated ten salaries do not reach more than 10 million dinars
Keywords: Rafidain Bank Advance employees advance ten salaries
Erbil (Kurdistan 24) - Board Rafidain Bank, the Iraqi government on Saturday to stop the promotion of staff transactions for advance ten salaries in the event of a repeat of their names.

The face of the bank, last week, the ministries and state institutions covered by the distribution of forms to employees who wish to obtain an advance of ten salaries.

The government said the bank in a statement that the applicants employee names for ten advance salaries from various ministries and state institutions, subject to the intersection of information for the purpose of ascertaining and ensure that no repetition of names.

The office added that the bank demanded the ministries and state institutions under the guidance letter to the branches of the bank includes the names of candidates from the staff and facility with files of candidates, pointing at the same time that the branches will send these names to the public administration of the bank. "

A statement from the Rafidain Bank that "does not promote transactions only after receipt of a letter from the public administration confirms not to repeat the names," noting that "the branches of the bank to support the validity of the book received from the ministry or department concerned."

Rafidain Bank was announced last year, the granting of advances to employees estimated ten salaries provided they do not reach more than 10 million dinars.

[You must be registered and logged in to see this link.]

Staff: Conditions advance salaries of the ten {difficult}



4/16/2017 0:00

BAGHDAD / Ahmed Abd Rabbo
Rafidain Bank started to raise the roof of the conditions and mechanisms of staff for ten advance salaries gradually, under the increase in the number wishing to register in the ministries and departments covered, however , a number of Hola staff believes that the terms of the advance is not commensurate with the value, because of the lack of the reliability of them to buy a house or a car without adding other amounts.
Experts in economic affairs and believes that the interest rate imposed by the bank on the advance amounts by which, noting that it was pouring in encouraging consumption, and targeting the productive sectors that generate income and create employment opportunities for the unemployed.
As it demanded by the Committee on Economy and Investment Parliamentary Rafidain Bank to reconsider the amount of the advance and the benefits of, proposed but less than the 50 million dinars.
Rafidain Bank , in turn, stressed that the benefits, come to ensure the recovery of money, because of the large number of defaulting on the payment of previous advances in amounts of up to 900 billion dinars, pointing out that they come to help employees through the provision of financial liquidity they have.
The bank recently announced the launch of an advance ten salaries, which included the granting of the ministries and state institutions calculates the nominal salary of an employee with a fixed allotment of marriage certificate, not to increase the advance for ten million dinars.
And the development of the bank legal conditions for the granting of such advance, that the period of repayment last over five years in equal installments monthly interest rate of up to nine percent a year is calculated on a straight declining and paid in installments fixed, with installments of the advance after a month from the date of grants, as well as to provide a sponsor guarantor a civil servant, with the conditions and other measures.
The employee said, Hussam Ali "morning": the need for money paid most of the staff to apply for advance ten salaries, although the conditions are not commensurate with the value of which is difficult, noting that the advance could at best not enough to buy a suitable car without adding, pointing to the need for the bank to reconsider the conditions, it will fall upon the staff, who are mostly low - income people .
For its part, the employee said secret Alaa, said that the advance does not enable the employee to acquire a house, saying afterthought: it may be useful for couples to fill some needs only, as it is good to buy some home collectibles.
State employee Imad said , " the bank also showed more than a day of difficult conditions, due to the increasing popularity of the advance, as a result of the need for staff to financial liquidity."
According to the economist, on behalf of Jamil Antoine, the advance mentioned intervention in the framework of encouraging consumption loans, they do not clog the only simple needs of citizens, and the conditions do not call for optimism.
Among the special permit for "morning", that the advance does not meet the ambition of the citizens, to buy or build a simple house, come on productivity stalled loans account for more than a year, especially in the industrial sector.
He promised Antoine, an advance ten salaries, not directed, because it is not aimed at activating the productive sectors and create job opportunities for the unemployed, whether the agricultural sector or industrial, calling at the same time , the Bank of Iraq to increase the amount of the advance, with a review of the benefits provided it does not exceed five percent.
In the same context, Deputy Chairman of the Committee on Economy and Investment Parliamentary Harith Chanchal Harthy, in a statement to the "morning", said the Rafidain Bank targets through the launch of an advance ten salaries, moving the financial liquidity in the local markets, but the great benefits and conditions of many, calling the bank to reconsider the amount of the advance Alaigl requirement for 50 million dinars, in order to fill the needs of citizens to build a house or buy a piece of land, in the presence of a major crisis for housing in Baghdad and the provinces of the country.
In addition, said a source familiar with the Rafidain Bank named did not want, in a special interview with the "morning", the predecessor came under the guidance of the Minister of Finance Agency , Dr. Abdul Razzaq al- Issa equivalent to ten comprehensive salaries for the nominal fixed allocations, and no more than ten million dinars , according to the regulations and instructions in force, in order to assist staff in the provision of financial liquidity, adding that the bank is granted in advance to buy another car or housing units provided that they are in investment projects.
And on the terms and benefits, the source stressed that the very bank of that, to ensure recovery of the advance over the five years, indicating that banks are still suffering from the presence of Mtlkian in government departments to pay previous advances in amounts in excess of 944 billion dinars.

[You must be registered and logged in to see this link.]

Iraq: new controls on ten advance salaries


BAGHDAD - The Journal News

Rafidain Bank stressed that "the payment of a premium ten advance to the salaries of the staff of government departments due in full payment when the employee from the borrower interrupted his constituency for any reason, or if the sponsor has pledged to accept the installments remaining amount of his monthly salary."

According to a statement reported by the Information Office of the Bank, "Journal News" received a copy of it, that "in the case of the payment of the advance before the maturity date of the interest on the amount calculated until the date of payment after the addition of one month for the differences in the calculation of fixed interest."

He noted that "the branches will save the pledges and contracts after the issuance of the decision and grants, as applicable bond facilities."

share it


[You must be registered and logged in to see this link.]