The Central Bank of Iran in a directive has required 12 local banks to grant loans to parts makers, as part of the ongoing state policy to rescue the struggling industry.
In a letter carried by Mehr News Agency and signed by Ali Asghar Mir Mohammad Sadeqi, head of CBI’s Credit Department, the monetary ombudsman has called on the banks to extend auto parts makers with added financial support.
Under the theme of ‘ Support for Iranian Products’, the letter is addressed to CEOs of 12 private and state-owned banks: Bank Melli Iran, Bank Saderat Iran, Tejarat Bank, Bank Mellat, Bank Sepah, Bank of Industry and Mine, EN Bank (Eghtesad Novin Bank), Karafarin Bank, Parsian Bank, Bank Pasargad, Sina Bank and Saman Bank.
February 13, 2019 18:46
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Rescuing the Dented Auto Industry, Again
In a letter signed by Ali Asghar Mir Mohammad Sadeqi, head of the CBI Credit Department, the regulator has called on banks to extend to the struggling auto parts makers with added and urgent financial support
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