Rafidain Bank announced on Sunday that it successfully settled more than 8.95 trillion Iraqi dinars for government department accounts through electronic systems during 2025.
The bank said this achievement is part of its ongoing push for institutional reform and digital transformation, in line with government efforts to improve transparency and financial discipline.
According to the bank’s annual report, the numbers were significant. Between January 1 and December 31, 2025, Rafidain Bank carried out 643,572 electronic financial transactions, settling billions of dinars through its digital systems. The bank said this performance shows how stable and efficient the new systems have become.
During the year, digital services expanded across the country. The electronic settlement system now covers 2,448 government departments in Baghdad and all other provinces. Rafidain Bank also completed the connection of its branches with POS devices and unified government bank accounts.
The shift to digital payments brought clear benefits. It reduced manual work and accounting errors, sped up settlement and reconciliation, limited delays in state revenues, and strengthened financial oversight and governance.
The bank noted that this progress came through joint efforts led by the Prime Minister’s Office, with support from the Ministry of Finance, the Central Bank of Iraq, and the National Payments Council.
Rafidain Bank said it remains committed to supporting financial stability, modernizing government finances, and playing a key role in Iraq’s broader economic reform efforts.
