Economy, Business And Markets

BIM Financing Industrial SMEs

BIM Financing Industrial SMEsBIM Financing Industrial SMEs

Bank of Industry and Mine has financed 560 small and medium-sized industrial plans with 12 trillion rials ($389 million), the bank’s CEO, Ali Ashraf Afkhami, said Sunday in a meeting with Minister of Industries, Mining and Trade, Mohammad Reza Nematzadeh. Afkhami noted that the loans are being paid in line with the government’s plans to help the SMEs, the bank’s website reported. Nematzadeh called on the BIM to reengage with foreign lenders to attract more finance.