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Economy News - Baghdad
Al-Rasheed Bank announced, on Tuesday, that it issued its instructions to promote pension transactions for all employees of government departments borrowed from the Rasheed Bank.
The bank said in a statement seen by "Al-Eqtisad News", that "the general manager of the bank, Basem Abd Ali Youssef, has instructed to provide all facilities to the retired people by granting them a letter of no objection to promoting their transactions."
He added that the instructions: "If the advance is without a guarantor, a guarantor is presented, and if it is with a guarantor, then the guarantee will continue with the submission of a new commitment before the branch manager. If the first paragraph cannot be fulfilled, a letter of commitment from his department to withhold the amounts of installments and interest from the end of service reward and transfer it to the branch."
The statement continued: "Presenting a life insurance document from an insurance company and providing the granting branch with a copy of the retirement ID if it is issued, along with resettling its salary with the Rasheed Bank and providing the branch with the card number."
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