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Rasheed Bank, an Iraqi government bank, was established in 1988 in the capital, Baghdad, and it is the second-largest government bank, and it is subject to the supervision of both the Central Bank of Iraq and the Board of Financial Supervision, and the aim of its establishment is to contribute to the development of the local Iraqi economy. The field of commercial banking, investing money, and granting financing to clients of all kinds and segments, through a wide network of branches spread in all governorates of Iraq, with a number that reached 151 branches.