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Al-Rasheed: Granting advances to employees depends on the speed in settling salaries
| Tuesday 27 February |
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Al-Rasheed Bank announced on Tuesday that the granting of advances and loans depends on the settlement of salaries.
The bank said in a statement received Alsumaria News a copy of it that "grant advances and loans are dependent on the settlement of salaries," calling on all ministries and government departments to "review branches in Baghdad and the provinces to sign the contract on resettlement."
"The settlement of salaries will allow the employee to receive his salary through the MasterCard card palm, which facilitates the parties to the process of granting advances and loans."
The localization of salaries is the process of transferring the salaries of employees in the private or public sector from manual salaries received from their departments to their receipt from banks and government or private banks through a special account opened to the employee at the bank and drawn by the electronic payment card or received in cash from the bank.
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