[size=36]Al-Rafidain announces the opening of documentary credits for ministries, traders and private sector companies[/size]
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, Al-Rafidain Bank announced, on Thursday, the opening of documentary credits for state ministries, merchants and private sector companies, with soft commissions.
"The bank is ready to receive requests to open documentary credits for merchants and the public and private sectors in financing foreign trade," the bank’s media office said in a statement received by Mawazine News.
He pointed out, "Opening the documentary credit for the merchants who carry out the operations of importing and exporting their goods and shipping them and taking them out if they conform to the legal conditions in an easy way at the bank because the Rafidain Bank is a government agency and therefore the completion of the documentary opening letter of credit is according to quick procedures that differ from other banks." End 29 A43