Banks Not Doing Enough to Help Exporters

Head of the Export Guarantee Fund of Iran has criticized the poor performance of banks in supporting export-based companies, recalling that robust financial support for export companies is critical in the climate of hostile US economic sanctions. 
Afrouz Bahrami said banks and credit institutions barely allocate 2% of their funds to help businesses involved in exporting goods and services, the EGFI website reported. 
CEO of the main export credit agency underlined the urgency to boost the non-oil export sector at a time when the domestic economy is saddled with unprecedented US economic restrictions.