Rafidain sets new conditions to grant advances to employees and announced a reduction of five millio

Rafidain sets new conditions to grant advances to employees and announced a reduction of five million dinars

economy Since 2017-05-08 at 08:56 (Baghdad time)

Baghdad Mawazine News
Rafidain Bank announced on Monday the establishment of new conditions and controls to grant advances to state employees, pointing to a reduction of five million dinars.
The bank's information office said in a statement received by Mawazine News that "the bank announced the amendment of the terms of granting the advances to five million employees of the State departments and the presentation electronically and through its website," calling on employees to "see the terms and instructions to grant that advance" .
The statement added that "the applicant is required to obtain an advance payment to have a service not less than a year has been confirmed appointment and the amount of the advance five million dinars, and five years, paid in equal installments per month."
The interest rate is 9% per annum. The interest rate is 9% per annum. It is calculated in a reduced installment method and is paid in fixed installments with the advance installments after one month from the date of grant. The administrative commission is paid 2% of the advance amount granted. Who is responsible for 50% of his total salary. "
He added that "the taxpayer provides the guarantor of civil servants of civil servants, including civilians from the Ministries of Defense and Interior who are not less than one year of service and do not accept the corresponding guarantees that the total deductions do not exceed 50% of the total sponsor's salary, On the amounts of advances through the financial section borne by the beneficiary.
He pointed out that, "in the case of a previous advance is a monetary or monetary settlement before the disbursement of the advance and spend the remaining amount."
He explained that "the required documents for applicants on the advance, are: the identification IDs provide the identity of civil status - certificate of Iraqi nationality - housing card - or national card."
The statement said that "the mechanism of work is to be reconsidered grants to the Ministry, which will be slow to pay the premiums owed to its employees and the ministries or departments involved in advances to provide a CD that includes the system of salaries of its employees in full and this is called the settlement of salaries attached to an official letter signed by the President of the Department In support of the validity of the data on the CD-ROM and entitled "Information and Communication Technology Section".
"The Department of Information Technology intersects data with electronic forms that are filled by the applicant and through the website of the bank and the same department in the form of meals and send them to the branch concerned in the grant, which was determined by the Finance Director or authorized to the Ministry or Department "He said.
He added that "the Department of Information and Communication Technology is approaching the Rashid Bank / Electronic Computer Section for the purpose of exchanging names for former recipients for the purpose of intersection and ensuring non-repetition. The support centers in the offices of the district representatives send the competent staff for the purpose of training in the process of settling salaries and then send data with a disk CD to IT ".
He explained that "when the branch receives the electronic reports by the Department of Information Technology is provided to the Finance Director or the author of the attached forms enclosed instructions."
The Rafidain Bank referred to "stamping the forms referred to in the above paragraph by sealing the information contained in the required documents by the official of the administrative department in the concerned directorate and sending all the information to the authorized director of the concerned directorate to be the director of accounts or finance after being authorized to do so under an official letter, Provide the branches with the names of those authorized to sign the transactions and forms of signatures and seals.
"The Department bears the responsibility of repeating the grants to any student advance, and the Ministry or the Department of the payer undertakes to pay the monthly installments of his salary and transfer them to the bank in accordance with the application form annexed to our instructions 10 days before the date of payment of the salary and in case of delay is calculated a delay rate of 2% Delay from the date of maturity until the date of payment in addition to the contractual legal benefit and signed the form by the administrative department in the ministry or the department concerned.
Among the conditions set by the bank are:
1. The Ministry or the Department of Exploitation shall be responsible for the validity of the documents attached to the application forms for the advance and support to us.
2 - Informing the taxpayers not to review the branches allocated for the purpose of disbursement of the advance only after contacting their representative in the ministry or the concerned department financial director, or by telephone for regulatory purposes.
3. A special contract shall be arranged between the bank and the employee. The stamp duty shall be paid at a rate of 2 per thousand.
4. The branches shall keep the pledges and contracts after the issuance of the grant decision and as applied in the instructions of the previous grants.
5- The grant shall be in accordance with the credit allocation of the branch and shall not be exceeded in any case.
6- The advances are to be transferred to the loan and advances system that has been installed in all of our branches, which are matched with the general professor on a daily basis and to be sent to the ICT department at the end of each week.
7. Provide the Loans Division with monthly statistics on advances payments for the purpose of supervision and follow-up and ensure that the ceiling for credit is not exceeded.
8 - Receipts shall be received from the concerned department under an approved instrument within ten days from the date of receipt of the salary. The concerned department shall undertake this on the basis of the attached undertaking form enclosed in the instructions and attach to the instrument a detailed table containing the names of the taxpayers together with the payment amount for each recipient.
9. The balance of the advance shall be fully payable when the employee resigns or resigns or is referred to retirement or granted a leave without pay or for any cause of death, dismissal, leaving work etc., and shall not be granted a patent before payment of the entire advance balance or if he undertakes The sponsor can accept the installment of the remaining amount of his monthly salary.
10- In the case of notifying you of the transfer of the employee from his department to another party, the undertaking of the applicant's credit department shall be obtained from the transferee.
11. In the case of payment before the maturity date, interest shall be calculated on the amount up to the date of repayment after adding one month for the difference in the calculation of the fixed interest.


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Iraq replaces the ten advance salaries for employees b (5) million dinars


08/05/2017



Rafidain Bank announced the development of new conditions and controls for the granting of advances to the ministries and government departments through its branches in Baghdad and the provinces to be 5 million dinars instead of ten advance salaries.
The Information Office of the bank said in a statement "direction Press" obtained a copy of it that the bank announced modifying the conditions for granting advances to 5 million for the staff of government departments and the presentation will be electronically and through its website. Calling on staff to see the conditions and instructions for granting such advance.
Controls grants:
Requires the advance student to get them to be has no less than one year service (installed appointment)
The amount of the advance (5) million.
The duration of the advance (5 years) be paid in equal monthly installments.
Interest rate (9%) per annum is calculated on a straight declining and pay fixed installments with the advance premiums month after the grant date.
Meet the administrative commission (2%) of the amount of the advance granted
It is required not to exceed the monthly deductions for advance with other obligations owed by the borrower (50%) of the total salary.
Borrower provides a sponsor guarantor (a civil servant from government departments staff, including civilians from the Ministries of Defense and Interior) of those who less service for at least one year and guarantees opposing accept that does not exceed the total deductions (50%) of the salary of the total sponsor.
The insurance amounts advances through the financial department borne by the beneficiary
In the case of a previous advance is a Agaydah settlement or cash advance before the exchange and spend the remaining amount.

Required documents:
--------------
Provide tariff identities (identity of the Civil Status - Iraqi citizenship certificate - card housing - or national card)
Mechanism of Action
------------
Be reviewed grants to the Ministry, which will be reluctant to pay the premiums owed to its employees
The ministries or departments concerned under imprest to provide a disk ( Documentation available ) of its members ' salaries system includes a fully (this so - called settling salaries) facility an official letter signed by the head of the department in support of it data in a disk of health ( Documentation available ) and addressed to the Information and Communication Technology Department.
The Information Technology Department of the intersection of data with electronic forms that are filled by students advance and through the electronic bank of the same department website in the form of meals and sent to the branch on which will grant, which was determined by the Chief Financial Officer or authorized by the ministry or department.
The Information and Communication Technology Section approached Rasheed Bank / Department of Electronic Calculator for the purpose of exchanging names for the purpose of previously endowed the intersection and to ensure non-repetition.
The backing centers in Sada district delegates offices to send specialist staff for the purpose of training on the localization process salary and then they send data disk ( Documentation available ) to the IT department.
When the branch of receipt of electronic reports by the IT department is provided with the financial manager or authorized instructions attached to the forms Collapse
Stamped the forms referred to in the paragraph above the seal of authenticity of the information contained in the required documents by the Administrative Department of the concerned directorate official and send all the information, however, it authorized the directorate concerned to be largely account manager or financial after authorized to do so by an official letter is also provided with branches of the names of the authorized signatories on transactions and models of their signatures and Akhtamanm.
The department is responsible for grants repeat any student advance
The ministry undertakes or borrower circle completing monthly salary premiums and transferred to the bank in accordance with the attached application form folding our instructions before (10) days from the date of exchange salary in the case of the delay is calculated interest Tojerih by (2%), the number of days of delay from the due date until the date of payment in addition to legal interest (contractual) and sign the form by the administrative department in the ministry or department concerned.

10. The Ministry bears the responsibility of the Department or the borrower's health archives attached with the request of the advance and support us so forms.

11-informed borrowers not to review the branches allocated for the purpose of the advance exchange only after the contact Bmmthelhm ministry or department concerned (Chief Financial Officer) or by telephone and that regulatory purposes.

12. regulated by a special contract between the bank on credit and the employee and stamp duty are met by (2 per thousand)

13. Branches shall save the pledges and contracts after the issuance of the decision and grants, as applicable in the instructions of previous grants
14. Grants are allocated according to the credit of the branch and shall not be exceeded in any case.
15. The deportation of the granting of advances on loans and advances system, which was inaugurated in all
Our branches are working and matched with the general ledger and send daily storage at the end of each week to the Information and Communication Technology Department
16. Provide Advances Division monthly repayments of advances on the statistic for the purpose of supervision and follow-up and make sure not allocated to the credit ceiling is exceeded.

17. requires the receipt of payments from the department concerned under the approved instrument and within ten days from the date of receipt of salary, however, and undertakes the relevant department based on this model pledge annexed instructions attached to the instrument with a detailed table containing the names of borrowers with the amount of payment for each Mstlv.

18. The balance of the advance becomes the duty of the full payment when the employee's resignation or interruption of borrower or his retirement or granted leave without pay or for any reason (death, separation, leaving the work ..... etc) and Aymanh clearance before paid for the entire balance of the advance or if the sponsor has pledged to accept the installments remaining amount of his monthly salary.

19. In the case of the transfer of the employee to inform you of his constituency to the borrower on the other hand Asthsal vowed student from the Credit Department transferred to it.


20. In the case of payment before the maturity date of the interest on the amount until the date of payment is calculated after the addition of one month for the differences in the calculation of fixed interest. sa

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Rafidain reduces its predecessor to employees and announces new terms



Editorial date: 2017/5/8


Al-Rafidain Bank announced the establishment of new conditions and controls to grant advances to the ministries and departments of the state through its branches in Baghdad and the provinces to be five million dinars instead of the ten salaries.
The bank's information office said in a statement received by the agency All Iraq [where] a copy of it, that "the bank announced the amendment of the conditions of granting advances to five million employees of the State Departments and be submitted electronically and through its website," calling on employees to "see the terms and instructions to grant those Advance ".
And the rules for the granting of advances are, according to the statement: requires the applicant to obtain an advance to have a service not less than a year [has been confirmed] and the amount of the advance five million dinars, and five years, paid in equal installments per month.
The interest rate for advances shall be 9% per annum and shall be calculated in a reduced installment manner and shall be paid in fixed installments with advance installments after one month from the date of grant. The administrative commission shall be paid 2% of the amount of the advance granted and the monthly deductions shall not exceed 50% Of his total salary. "
The statement pointed out that "the taxpayer provides guarantor [civil servant of the civil servants, including civilians from the Ministries of Defense and Interior] of those whose service is not less than one year at least and does not accept the corresponding guarantees that the total deductions shall not exceed 50% , And insurance on the amounts of advances through the financial section borne by the beneficiary.
He pointed out that "in the case of a previous advance is a monetary or monetary settlement before the payment of the advance and spend the remaining amount."
The required documents for applicants on the advance are: the identification IDs [ID of civil status - Iraqi citizenship certificate - residence card - or national card].
According to the statement, "the grants will be reconsidered for the ministry, which will be slow to pay the premiums due to its employees. The concerned ministries or departments will provide a CD that includes the full salaries of its employees [ In support of the validity of the data contained in the [CD] CD and addressed to the Information and Communications Technology Section ".
"The Department of Information Technology intersects data with electronic forms that are filled by the applicant and through the website of the bank and the same department in the form of meals and send them to the branch concerned in the grant, which was determined by the Finance Director or authorized to the Ministry or Department "He said.
He added that "the Department of Information and Communication Technology is approaching the Rashid Bank / Electronic Computer Section for the purpose of exchanging names for former recipients for the purpose of intersection and ensuring non-repetition. The support centers in the offices of the district delegates send the competent staff for the purpose of training in the process of settling salaries and then send data with disk [CD] to the IT department. "
He explained that "when the branch receives electronic reports by the Department of Information Technology is provided to the Finance Manager or his authorized forms attached instructions."
The Rafidain Bank referred to "stamping the forms referred to in the above paragraph by sealing the information contained in the required documents by the official of the administrative department in the concerned directorate and sending all the information to the authorized director of the concerned directorate to be the director of accounts or finance after being authorized to do so under an official letter, Provide the branches with the names of those authorized to sign the transactions and forms of signatures and seals.
"The Department bears the responsibility of repeating the grants to any student advance, and the Ministry or the Department of the payer undertakes to pay the monthly installments of his salary and transfer them to the bank in accordance with the application form annexed to our instructions 10 days before the date of payment of the salary and in case of delay is calculated a delay rate of 2% Delay from the date of maturity until the date of payment in addition to the [contractual] legal interest and sign the form by the administrative department in the ministry or the department concerned.
10. The Ministry or the Department of Exploit shall be responsible for the validity of the documents attached to the application forms for the advance and support to us.
11- Informing the taxpayers not to review the branches allocated for the purpose of disbursement of the advance only after contacting their representative in the ministry or the concerned department [financial director], or by telephone for regulatory purposes.
12. A contract for the assignment between the bank and the employee shall be regulated and the stamp duty shall be paid at [2 per thousand].
13. The branches shall keep the pledges and contracts after the issuance of the grant decision and as applied in the instructions of the previous grants.
14. The grant shall be in accordance with the credit allocation of the branch and shall not be exceeded in any case.
15. The advances will be transferred to the advances and loan system installed in all our branches, matched with the general secretary daily, and delivered to the ICT department at the end of each week.
16. Providing the Loans Division with monthly statistics on advances payments for the purpose of supervision and follow-up, and ensuring that the ceiling for credit is not exceeded.
17 - Receipts must be received from the concerned department under an approved instrument within ten days from the date of receipt of the salary and the concerned department undertakes on the basis of the attached form attached to the instructions and attached with the instrument a detailed table including the names of the lenders with the amount of payment for each recipient.
18. The balance of the advance shall be fully payable when the employee resigns or resigns or is referred to retirement or granted a leave without pay or for any reason [death, dismissal, leaving work, etc.] and shall not be granted a patent before paying the entire advance balance or If the sponsor undertakes to accept the installment of the remaining amount of his monthly salary.
19. In case of notifying you of the transfer of the employee from his department to another party, the undertaking of the applicant's credit department shall be obtained from the transferee.
20. In the case of payment before the maturity date, interest shall be calculated on the amount up to the date of repayment after adding one month for the difference in the calculation of the fixed interest.

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Iraq sets new regulations for the granting of advances (Details)



Rafidain Bank announced the development of new conditions and controls for the granting of advances to the ministries and government departments through its branches in Baghdad and the provinces to be five million dinars instead of ten advance salaries.

He said the media office of the bank e, that ' the bank announced the terms of modifying the granting of advances to five million state employees and departments will be presentation electronically and through its website' calling on employees to 'read the conditions and instructions for granting such advance'.

And controls the granting of advances are, according to the statement: requires the advance student to get them to be has no less than one year service [was installed appointed] and the amount of the advance of five million dinars, and a five - year, paid in equal monthly installments. '

And be the interest rate advances' 9% per annum is calculated on a straight declining and pay fixed installments with installments of the advance after a month from the date of grant, and meet the administrative commission of 2%, of the amount of the advance granted, and required not to exceed the monthly deductions for advance with other overdue obligations borrower 50% of the total salary. '

The statement pointed out that 'provides borrower sponsor guarantor of [civil servants from government departments staff , including civilians from the defense and interior ministries] of those who less service for at least one year and guarantees opposing accept that does not exceed the total deductions for 50% of the salary of the total sponsor , and insurance are the amounts of advances through the financial section borne by the beneficiary. '
He pointed out that 'in the case of a previous advance is a Agaydah settlement or cash advance before the exchange and spend the remaining amount.'
The required documents for applicants to advance, they are: providing identities tariff [identity Civil Status - Iraqi citizenship certificate - card housing - or national card] '.

And the mechanism of action , according to the statement that 're - examined in grants to the Ministry , which will be reluctant to pay the premiums owed to its employees , and the ministries or departments concerned covered by imprest provide a disk [CD] includes fully its employees ' salaries system [and this so - called site by the head of the department settling salary] facility official letter in support of it 's health data in the disc [CD] and entitled to information and communication technology department '.

He continued as' The Information Technology Department of the intersection of data with electronic forms that are filled by students advance and through the website of the Bank of the same circle in the form of meals and sent to the branch on which will grant, which was determined by the Chief Financial Officer or authorized by the ministry or department '.

He added that the 'Department of Information Technology and Communications is approached Rasheed Bank / Department of Electronic Calculator for the purpose of exchanging names endowed previously for the purpose of the intersection and to ensure non - repetition, as the backing centers in Sada district delegates offices to send specialist staff for the purpose of training on the localization of salary process and then they send data disk [CD] to the IT department. "

He explained that 'when the branch to receive electronic reports by the IT department is provided with the financial manager or authorized instructions attached to the forms Collapse'.

Rafidain Bank and pointed to the 'forms referred seal in paragraph above the seal of authenticity of the information contained in the required documents by the administrative department official in the directorate concerned and send all the information , however , authorized the directorate concerned to be largely account manager or financial after authorized to do so by an official letter is also branches provide the names of the authorized signatories to the transactions and models of their signatures and Akhtamanm '.

He stressed that ' the department is responsible for grants for any student advance repeat, and undertakes the ministry or borrower circle completing monthly salary premiums and transferred to the bank in accordance with the attached application form folding our instructions 10 days prior to the date of exchange salary in the case of delay interest Tojerih is calculated by 2%, the number of days the delay from the due date until the date of payment in addition to the legal interest [contractual] and sign the form by the administrative department in the ministry or department concerned '.

10. The Ministry bears the responsibility of the Department or the borrower 's health archives attached with the request of the advance and support us so forms.
11-informed borrowers not to review the branches allocated for the purpose of the advance exchange only after the contact Bmmthelhm ministry or department concerned [chief financial officer], or by telephone and that regulatory purposes.
12. regulated by a special contract between the bank on credit and the employee and stamp duty are met by [2 per thousand.
13. Branches shall save the pledges and contracts after the issuance of the decision and grants , as applicable in the instructions of previous grants.
14. Grants are allocated according to the credit of the branch and shall not be exceeded in any case.
15. The deportation of the granting of advances on loans and advances system , which was inaugurated in all, our branches are working and matched with the general ledger and send daily storage at the end of each week to the Information and Communication Technology Department.
16. Provide Advances Division monthly repayments of advances on the statistic for the purpose of supervision and follow - up and make sure not allocated to the credit ceiling is exceeded.
17. requires the receipt of payments from the department concerned under the approved instrument and within ten days from the date of receipt of salary , however , and undertakes the relevant department based on this model pledge annexed instructions attached to the instrument with a detailed table containing the names of borrowers with the amount of payment for each Mstlv.
18. The balance of the advance becomes the duty of the full payment when the employee 's resignation or interruption of borrower or his retirement or granted leave without pay or for any reason whatsoever [death, season, leaving the work ..... etc] and Aymanh clearance before paid for the entire balance of the advance or if the sponsor has pledged to accept the installments remaining amount of his monthly salary.
19. In the case of the transfer of the employee to inform you of his constituency to the borrower on the other hand Asthsal vowed student from the Credit Department transferred to it.
20. In the case of payment before the maturity date of the interest on the amount until the date of payment is calculated after the addition of one month for the differences in the calculation of fixed interest.



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The mechanics and conditions of new divorce Rafidain Bank to grant the advance of the 5 million

May 8 .2017 - 10:54 | Number of readings: 119



Sommer News: Baghdad

Rafidain Bank announced the development of new conditions and controls for the granting of advances to the ministries and government departments through its branches in Baghdad and the provinces to be 5 million dinars instead of ten advance salaries.

The Information Office of the Bank said in a statement that the bank announced modifying the conditions for granting advances to 5 million for the staff of government departments and the presentation will be electronically and through its website. Calling on staff to see the conditions and instructions for granting such advance.

Controls grants:

Requires the advance student to get them to be has no less than one year service (installed appointment)

The amount of the advance (5) million.

The duration of the advance (5 years) be paid in equal monthly installments.

Interest rate (9%) per annum is calculated on a straight declining and pay fixed installments with the advance premiums month after the grant date.

Meet the administrative commission (2%) of the amount of the advance granted

It is required not to exceed the monthly deductions for advance with other obligations owed by the borrower (50%) of the total salary.

Borrower provides a sponsor guarantor (a civil servant from government departments staff, including civilians from the Ministries of Defense and Interior) of those who less service for at least one year and guarantees opposing accept that does not exceed the total deductions (50%) of the salary of the total sponsor.

The insurance amounts advances through the financial department borne by the beneficiary

In the case of a previous advance is a Agaydah settlement or cash advance before the exchange and spend the remaining amount.



Required documents:

--------------

Provide tariff identities (identity of the Civil Status - Iraqi citizenship certificate - card housing - or national card)





Mechanism of Action

------------

Be reviewed grants to the Ministry, which will be reluctant to pay the premiums owed to its employees

The ministries or departments concerned covered by imprest provide disc (CD) of its members' salaries system includes a fully (this so-called settling salaries) facility an official letter signed by the head of the department in support of it data in a disk of health (CD) and addressed to the Information and Communication Technology Department.

The Information Technology Department of the intersection of data with electronic forms that are filled by students advance and through the electronic bank of the same department website in the form of meals and sent to the branch on which will grant, which was determined by the Chief Financial Officer or authorized by the ministry or department.

The Information and Communication Technology Section approached Rasheed Bank / Department of Electronic Calculator for the purpose of exchanging names for the purpose of previously endowed the intersection and to ensure non-repetition.

The backing centers in Sada district delegates offices to send specialist staff for the purpose of training on the localization process salary and then they send data disc (CD) to the IT department.

When the branch of receipt of electronic reports by the IT department is provided with the financial manager or authorized instructions attached to the forms Collapse

Stamped the forms referred to in the paragraph above the seal of authenticity of the information contained in the required documents by the Administrative Department of the concerned directorate official and send all the information, however, it authorized the directorate concerned to be largely account manager or financial after authorized to do so by an official letter is also provided with branches of the names of the authorized signatories on transactions and models of their signatures and Akhtamanm.

The department is responsible for grants repeat any student advance

The ministry undertakes or borrower circle completing monthly salary premiums and transferred to the bank in accordance with the attached application form folding our instructions before (10) days from the date of exchange salary in the case of the delay is calculated interest Tojerih by (2%), the number of days of delay from the due date until the date of payment in addition to legal interest (contractual) and sign the form by the administrative department in the ministry or department concerned.



10. The Ministry bears the responsibility of the Department or the borrower's health archives attached with the request of the advance and support us so forms.



11-informed borrowers not to review the branches allocated for the purpose of the advance exchange only after the contact Bmmthelhm ministry or department concerned (Chief Financial Officer) or by telephone and that regulatory purposes.



12. regulated by a special contract between the bank on credit and the employee and stamp duty are met by (2 per thousand)



13. Branches shall save the pledges and contracts after the issuance of the decision and grants, as applicable in the instructions of previous grants



14. Grants are allocated according to the credit of the branch and shall not be exceeded in any case.



15. The deportation of the granting of advances on loans and advances system, which was inaugurated in all

Our branches are working and matched with the general ledger and send daily storage at the end of each week to the Information and Communication Technology Department

16. Provide Advances Division monthly repayments of advances on the statistic for the purpose of supervision and follow-up and make sure not allocated to the credit ceiling is exceeded.



17. requires the receipt of payments from the department concerned under the approved instrument and within ten days from the date of receipt of salary, however, and undertakes the relevant department based on this model pledge annexed instructions attached to the instrument with a detailed table containing the names of borrowers with the amount of payment for each Mstlv.



18. The balance of the advance becomes the duty of the full payment when the employee's resignation or interruption of borrower or his retirement or granted leave without pay or for any reason (death, separation, leaving the work ..... etc) and Aymanh clearance before paid for the entire balance of the advance or if the sponsor has pledged to accept the installments remaining amount of his monthly salary.



19. In the case of the transfer of the employee to inform you of his constituency to the borrower on the other hand Asthsal vowed student from the Credit Department transferred to it.



20. In the case of payment before the maturity date of the interest on the amount until the date of payment is calculated after the addition of one month for the differences in the calculation of fixed interest.

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Rafidain Bank continues to smile on the Iraqis, and announce a new shocking news for the people




2017/05/08 | 9:23
(Encyclopedia of this Day News | Iraq News ) - revealed Rafidain Bank, for the development of new conditions and controls for the granting of advances to the ministries and government departments through its branches in Baghdad and the provinces to be 5 million dinars instead of ten advance salaries.

According to the media office of the bank in a statement, it said that " the bank amended the conditions for granting advances to 5 million for the staff of government departments instead of ten salaries."

The office said that " the presentation will be electronically and through the website of the bank", calling on "staff to see the conditions and instructions for granting such advance."

The Rafidain Bank began during the year 2016 to grant advances to state employees by ten departments in accordance with the salaries of certain controls and conditions.

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"Light News" published the conditions for granting an advance of 5 million employees


Written by : by saad in:May 8, 2017In: Economic No Comments Print E - mail
Light News / Baghdad
announced the Rafidain Bank, conditions and controls for the granting of an advance of 5 million state employees, of which he will have no less than one year service.

He explained in a statement purist "Noor News" received a copy of it today, that the "special conditions for the applicants advance five million dinars, are:

1. has to be no less than one year service " has been installed appointed."
2. The amount of the advance (5) million.
3. The duration of the advance (5 years) be paid in equal monthly installments.
4. The interest rate (9%) per annum is calculated on a straight declining and pay fixed installments with the advance premiums month after the grant date.
5. meet the administrative commission (2%) of the amount of the advance granted.
6. required not to exceed the monthly deductions for advance with other obligations owed by the borrower (50%) of the total salary.
7. borrower sponsor guarantor provides a civil servant from government departments staff , including civilians from the Ministries of Defense and Interior who are less service for at least one year and does not accept guarantees opposing that does not exceed the total deductions (50%) of the salary of the total sponsor.
8. The insurance amounts advances through the financial department borne by the beneficiary.
9. In the event of a previous advance is a Agaydah settlement or cash advance before the exchange and spend the remaining amount. "

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«Morning» publish the terms of an advance of 5 million dinars



09/05/2017 0:00

BAGHDAD / Sabah
Rafidain Bank announced on Sunday, terms and conditions of granting advance the 5 million dinars dinars for the staff of government departments.
Under the conditions , according to Manglth news agencies as follows:
1 - has to be no less than one year service « has been installed his appointment.»
2 - The amount of the advance (5) million dinars.
3 - the duration of the advance (5 years) be paid in equal monthly installments.
4 - interest rate (9 percent) per annum is calculated on a straight declining and pay fixed installments with the advance premiums month after the grant date.
5 - levied administrative commission (2 percent) of the amount of the advance granted.
6 - required not to exceed the monthly deductions for advance with other obligations owed by the borrower (50 percent) of the total salary.
7 - provides borrower a guarantor guarantor of civil servants from government departments staff , including civilians from the Ministries of Defense and Interior who are less service for at least one year and does not accept guarantees opposing that does not exceed the total deductions (50 percent) of the salary of the total sponsor.
8 - are insured amounts advances through the financial department borne by the beneficiary.
9 - In the case of a previous advance is a Agaydah settlement or cash advance before the exchange and spend the
remaining amount.

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Stop the advance of 10 salaries and replace it with 5 million dinars and Rasheed denies ..



Rasheed Bank denied on Wednesday, an advance stop 10 and replace it with the salaries of 5 million dinars, noting that continuing the implementation of the instructions issued on it.

The director of the bank 's sole Khudair that 'no truth to stop the advance of 10 nominal salaries to employees of government departments and replace it with an advance of 5 million dinars', adding that ' the bank continuously implement the instructions issued by the '.

He added that the single 'bank may face at the time of its branches wishing to receive requests for departments Ptsif employees advance within 10 nominal salaries'.


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