Credit Department

Credit is essential, it converts without keeping money off.

Our banks credit department procedures is to invest money in a right way.

Credit  department is doing the follow:

1- Credit card department offer bank facilities and loans to traders and industrialist within the conditions according to bank instructions and controls determined by Central Bank of Iraq.

2- Issuing guarantee letters of various types:

a- Initial guarantee letter (for tender entry).

b- Final guarantee letter (Ensure good implementation).

c- Letter of payment in advance guarantee.

These letters if guarantee issued with 100% deposits according to regulations of Central Bank of Iraq and bank instructions.

3- Granting loans in line with Central Bank of Iraq initiative to finance small and medium projects according to the regulations of Council of Ministers and Central Bank of Iraq instructions.