Economy, Business And Markets

BSI to Finance 6 Projects

BSI to Finance 6 ProjectsBSI to Finance 6 Projects

Bank Saderat Iran will finance six large industrial projects under its goals to contribute to infrastructure development. BSI will finance the projects mostly in the energy sector. Loans will be made available in foreign currency totaling $880 million (€788 million) and 10 billion CNY ($1.6 billion), IRNA reported. In the past the top lender had allocated $90 million to 26 major projects of which 46% has been paid.  The new projects will generate close to 10,000 direct jobs.