RAKBANK introduces measures to support stakeholders following Covid-19 outbreak

RAKBANK introduces measures to support stakeholders following Covid-19 outbreak

With immediate effect, RAKBANK will collaborate with individual customers, SMEs and large corporates on a case-by-case basis to provide flexible solutions to help them overcome challenges such as pay disruption, among others.. Trade finance solutions and real estate financing for business banking customers will be dealt with on a case-by-case basis and necessary assistance will be extended, a statement said.. Local transfer charges for transactions conducted via the Digital Banking app or ATMs and Electronic Deposit Machines (EDMs) will be waived while the bank aims to offer a onetime discount of up to 50 per cent on overdue transaction fee as well as discounts on trade finance services done via the digital banking app.. All customers, especially SMEs, are encouraged to transition their businesses online for streamlining their operations and safeguarding their health..