Rafidain Bank has announced a new round of funding to support small and medium-sized businesses in Iraq.
On Saturday, the bank revealed it has launched the 54th installment of its Leadership and Excellence Initiative. This latest round includes one billion Iraqi dinars in funding and will support 83 beneficiaries.
According to the bank’s media office, this step is part of its ongoing efforts to help entrepreneurs and young business owners grow their projects. The program operates under the broader initiative of the Central Bank of Iraq, which aims to boost small and medium-sized enterprises across the country.
So far, the results are significant. The bank says it has funded 5,284 projects to date. The total amount of money provided through the initiative has reached 67 billion and 941 million Iraqi dinars.
Rafidain Bank says this reflects its strong commitment to supporting entrepreneurs and helping build Iraq’s national economy. By backing small and medium-sized businesses, the bank hopes to create jobs, encourage innovation, and strengthen the private sector.
In simple terms, this new installment is another step toward giving local business owners the financial support they need to grow and succeed.
