Private banks will allocate more resources to medium and small-sized businesses in the new fiscal year (started March 20), said Kourosh Parvizian, CEO of Bank Parsian and head of the Center for Private Banks and Financial Institutions. He called on the government to provide tangible support to the SMEs since risks are inherent in these businesses, banker.ir reported. The website added that Parsian has recently developed a joint plan with Iran Chamber of Commerce to improve lending to the SMEs.
