Parsian Bank, EGFI Agree to Finance Non-Oil Export

The Export Guarantee Fund of Iran, the state-owned export credit agency, and Parsian Bank signed an agreement Sunday to jointly finance and guarantee loans to exports of non-oil goods. 
Parsian also agreed to allocate a higher portion of its loans to non-oil export firms in the form of seller credit, the EGFI website reported. Seller credit or seller contribution is money the seller gives to pay for closing costs.
The credit helps ease the process of receiving bank loans for exporters in line with measures to boosting non-oil exports, Afrouz Bahrami, the EGFI chief, was quoted as saying.