RAFIDAIN BANK'S JORDAN BRANCH RAISES CAPITAL The Jordan branch of Iraq's Rafidain Bank said it will raise paid-up capital to comply with the country's minimum requirement of five mln dinars by drawing on profits from its operations in the country. Jordan's government asked banks in early 1985 to comply with the new capital requirement -- raised from three mln dinars -- by the start of 1986. Rafidain's Area Manager Adnan Abdul Karim al-Azzawi told Reuters the branch had now registered its capital at the higher level but did not say how long it would take to pay it in. The bank's 1986 balance shows paid-up capital of 3.1 mln dinars. Banks in Jordan have generally complied with the higher capital requirement except Chase Manhattan which decided instead to close its operation, banking sources said. Local banks floated shares to raise extra capital, while the branches of foreign banks brought in additional cash. Banking sources said it appeared that Jordan had made an exception in Rafidain's case, allowing it longer to comply. They said the gesture refelcted close political ties between Jordan and Iraq as well as Baghdad's financial difficulties. The Jordan branch saw pre-tax profit rise 80 pct in 1986 to 550,332 dinars on assets of 12.6 mln dinars.