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Banks Not Doing Enough to Help Exporters

Banks Not Doing Enough to Help Exporters 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. 

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