Rafidain Bank: we are obligated to invest our money to prevent fraud

Admin Sat Oct 08, 2016 8:15 am

October 8, 2016 | 10:54 -

Network Iraqi position

Rafidain Bank announced on Saturday that he is obliged to invest its own funds, while pointing out that some of these funds suffered for "theft", that controls the credit came to prevent it.

The bank said in a statement, "The money deposited bank is due to respond to their owners, while the demand, so the bank bear high costs to manage and provide other services to its customers," explaining that "obliged to invest the available funds and reap revenues of the bank so that he could pay the money deposited and the costs of managing costs and achieve return can pay staff salaries and to achieve a surplus supports the state budget. "
He said the bank, that "the money when exposed to waste, all the staff and cadres of the bank are subject to accountability and sanctions and referred some of them to justice, and therefore, the trust between the bank and customers exposed to the worst crisis in the last period and his client, which is the citizens' funds suffered some of them for theft and fraud."

He said the bank, that "the bank was forced to put an unannounced controls lending aimed at the advancement of the banking sector and its services and the application of the latest technology into the work and the use of electronic payment instruments and encourages the collection of rights electronically to eliminate dealing with cash," referring to "Setting up an electronic form for granting advances the adoption of one of the electronic payment instruments to enforce control of the working mechanism for the purpose of delivery of salaries and resettled in private savings accounts in order to allow bank customers to save what can be stashed away. "

Rafidain Bank had set conditions for the advance of 10 million dinars, and among the conditions necessary that the employee does not exceed the age of 50 years, and to have a smart card and enabled to receive the salary, in addition to that they have no loans or advances previously.

http://www.al-mawqif.com/23129