5 More Banks Join SCF Program

The Industries Ministry signed a memorandum of understating with five banks to involve them in a new plan of action initiated by the Central Bank of Iran to fund industries.  
In January the CBI unveiled the supply chain finance (SCF) program to help improve lending to manufactures, 
Five private and state-run lenders have now joined the CBI’s financing initiative, namely Bank Keshavarzi (agro bank), Tose'e Ta'avon Bank, Ayandeh Bank, Iran Zamin Bank and Middle East Bank, the Industries Ministry website reported.