Baghdad: Al-Rafidain Bank announced the launch of the sixtieth installment of its Leadership and Excellence Initiative, providing significant financial support for small and medium-sized enterprises. This installment involves a total disbursement of one billion dinars, directly benefiting 90 individuals.

According to National Iraqi News Agency, the bank's media office confirmed the release of funds as part of ongoing efforts to support entrepreneurs and young people. This initiative is aligned with the Central Bank of Iraq's directive to enhance financial access for burgeoning businesses. To date, the program has supported 5,831 beneficiaries through various funded projects.

The statement further highlighted that the cumulative funds disbursed under this initiative have reached 73,941,000,000 dinars. This underscores the bank's dedication to fostering entrepreneurial projects that play a crucial role in strengthening the national economy.