Rafidain Bank announced on Tuesday that it has granted loans amounting to 75 million dinars to the owners of universities, schools and kindergartens.
“It was decided to grant powers to all provincial delegates the authority to grant operational loans to the owners of universities, schools and kindergartens for more than 50 million dinars and up to 75 million dinars,” the bank’s information office said in a statement.
The statement added that “this step comes to provide support to private schools, kindergartens and universities and contribute to the creation of the educational environment.”
It is noteworthy that Rafidain Bank began since 2016 granting loans and grants to employees and citizens under certain conditions and controls.


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