At a Glance

• Rasheed Bank began third semi-annual interest disbursements.
• Eligible bondholders can collect earnings across all provinces.
• The process follows Finance Ministry and Central Bank guidelines.
• The initiative supports internal borrowing for public infrastructure.

The Iraqi state-owned Rasheed Bank has commenced the disbursement of the third semi-annual interest payments for the first issue of national bonds to eligible holders across Iraq.

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Key Statement and Focus Area

• Rasheed Bank announced “the commencement of the disbursement of the third semi-annual interest for the National Bonds – First Issue.”
• The bank “emphasized that this step aligns with the directives of the Ministry of Finance and the Central Bank of Iraq.”

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Rasheed Bank said in a statement on Sunday that the interest disbursement to eligible bondholders is being carried out through its authorized branches in Baghdad and the provinces.

The bank explained that the interest payout is being conducted in accordance with the specified timelines, effective regulations, and guidelines.

It called on citizens holding the eligible bonds to visit the relevant branches to receive their entitlements.

The initiative “aims to support and activate government debt instruments, strengthen the local financial market, and encourage citizens to invest in national bonds.”

FYI

The activation of interest payouts by Rasheed Bank highlights a broader financial strategy by the Iraqi government to deepen its local financial market and manage liquidity. 

Historically, Iraq's financial sector has been heavily dominated by the public sector, with state banks like Rasheed and Rafidain holding the vast majority of institutional deposits.

To bridge domestic funding needs and provide secure investment avenues for Iraqi citizens, the Ministry of Finance and the CBI have periodically issued local debt instruments, such as the "Binaa" (Construction) and "Enjaz" (Achievement) bond series.

These bonds allow the federal treasury to borrow directly from citizens and domestic institutions rather than relying solely on foreign loans. By guaranteeing competitive semi-annual interest yields, the state effectively encourages citizens to deposit hoarded cash back into the formal banking system.

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