dijlahpoint - Rafidain Bank announced a set of new measures aimed at simplifying loan repayment mechanisms for defaulting customers, with the goal of easing their financial burdens and enabling them to meet their obligations. The directives include encouraging borrowers to pay at least 20% of the total loan amount, allowing them to continue paying the remaining balance under the original terms regarding interest and duration. This step comes as part of the bank's efforts to reduce financial defaults, enhance cash liquidity, and reinvest collected funds into new lending initiatives that support the local economy.
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Editor at Dijlah Point News, writing about Eco.