08-07-2025
Rasheed Bank Launches Solar Energy Loans
By John Lee.
State-owned Rasheed Bank has launched specialised loans for purchasing renewable energy systems, specifically solar panels, with financing provided directly by the Central Bank of Iraq (CBI).
The initiative allows citizens and public sector employees to apply for loans of up to 30 million Iraqi dinars [$21,000], at an interest rate of just 3 percent. The bank says the move aligns with Iraq's national strategy to promote clean, sustainable energy and reduce reliance on traditional power sources.
Applicants are invited to apply via the "Ur" platform, with Rasheed Bank promising a simplified process designed to reach as many people as possible.
(Source: Rasheed Bank)
