Integrity probes liquidity drain and 1B+ dinar loans at Rafidain and Rasheed The Federal Commission of Integrity and specialized judicial oversight bodies have launched a comprehensive financial audit and investigative probe into liquidity depletion, high-value commercial loans, and discretionary financing waivers across Iraq’s state-owned banking sector on Saturday, September 5, 2026.
The investigation centers on operational practices at Rafidain Bank and Rasheed Bank—the country’s two dominant state lenders—examining major credit facilities exceeding 1 billion IQD (approximately $763,000) granted through non-standard channels or exceptional exemptions.
According to sources close to the regulatory authorities, forensic teams are cross-referencing credit files against statutory central bank lending guidelines to determine civil and administrative culpability: https://www.iraqinews.com/iraq/iraq-integrity-commission-probes-liquidity-loans-rafidain-rasheed-banks-2026/
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