dijlahpoint - The state-owned Al-Rashid Bank announced the launch of an integrated package of banking services including various loans and financial advances for employees and retirees, in addition to providing other financing facilities based on issued instructions.

The services included employee advances ranging from 5 to 25 million dinars for five years with a decreasing annual interest rate of 8% without a guarantor, in addition to contract employee advances reaching up to 5 million dinars with the same conditions.

The package also included retiree advances ranging from 5 to 15 million dinars, as well as installment loans, residential unit renovation loans, health profession loans, university advances, and credit cards, amidst government directives to facilitate procedures, shorten the time required to complete banking transactions, and support the private sector.