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.