Rasheed Bank : Issuing Credit Check & Making Documentary Iraq
Name of the Organization : Rasheed Bank
Type of Facility : Issuing Credit Check & Making Documentary
Country : Iraq
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Official Website : http://rasheedbank.gov.iq/
Making Documentary credit :
Which refers to received and delivered credits to finance operations of import and export.
Related : Rasheed Bank Iraq Credit or Debit IQD or USD Current account : www.statusin.org/5641.html
Issuing Credit Check :
Depending on requests of natural and legal persons, who mostly do not have current accounts at the Bank, The Bank issues checks drawn on paying amounts due to certain parties; such as state and mixed-sector institutions and companies or drawn for private sector beneficiaries. The beneficiaries, who ever they are, may register the credit check amounts in their accounts at the same drawer bank or at other banks.
Making Various kinds of Loans and Banking Facilities :
** Debit current Accounts ,which are represented by overdraft.
** discounted Bills and commercial Bonds.
** issuing Domestic and Foreign Letters of Guarantee, in which the Bank is on oblige and issuing party to implement many purposes
** Industrial loans, which are granted as loans (credit) to Industrialists and manufacturers to developed and activate Their industrial activity .
** Agricultural loans, which are granted as loans (credit)to farmers and agricultural land owners to developed and activate their agricultural activity .
** Loans for Establishing Hospitals, Commercial Buildings and Tourist Hotels, which are granted as loans (credit) in ID and USD for various investments.
** Temporary Advances.
Pension Services :
which are represented by cashing pensions according to no-commission organized flow.
Letting Safe Boxes :
Which are represented by keeping jewelry, important documents and person acquisitions of the depositor in the Bank vaults in safe sealed boxes which are opened by the depositor.
Domestic and foreign Bill for Collection :
refers to each collectable credit check, bill of exchange ,check and letter of guarantee deposited at the Bank for gaining its debt amount in the voucher and to be registered for either the depositor or the last endorser, before after or at maturity, according to the situation.
Individual Advances :
which are represented by advances made by the Bank according to specific mechanism and restrictions, easy terms and adequate interest. There are some procedures for introducing credit card and ATM.
Non-Employee Services :
Representing of payment the bank grants , subsidies and salaries which are position by the state for non-employees of the bank.
About Us :
Al Rasheed Bank was established under Law No. (52) for the year 1988. It is subject to the Public Companies Law No. (22) for the year 1997 and on 4/12/2001 the capital of the Bank became two billion Iraqi Dinars.
The Rashid Bank aims to support the national economy through its functions, With the following :
1- Comprehensive commercial banking
2 – Investment of money at home and abroad
3. Financing all economic sectors according to development plans
4 – Providing banking services in the field of internal transactions of current accounts and savings and fixed deposits and grants advances and miscellaneous loans (in dinars and foreign currency) and credit facilities for individuals and companies.