Rafidain Bank Launches New Settlement Facilities for Defaulting Borrowers

mesoiraq - Rafidain Bank introduced new measures aimed at simplifying loan repayments for defaulting borrowers and alleviating their financial burdens. The facilities require the borrower to pay a minimum of 20% of the loan principal, after which the remaining balance is rescheduled under the original terms regarding interest and duration. This initiative is part of the bank's efforts to minimize financial defaults and boost liquidity to sustain future lending operations.