Marine Industries Seek Loans
Economy, Business And Markets

Marine Industries Seek Loans

Marine industries have applied for one trillion rials ($31.6 million) in loans from banks since the beginning of the fiscal year in March, said the head of the Fund for Development of Marine Industries. Mehrdad Mozafari added that 40-50% of applicants had received credits until September 21, Fars News Agency reported on Sunday. Noting that the industry is suffering from financial constraints, Mozafari said “marine industries at least need $1 billion a year.” The official added that Bank Saderat Iran, Cooperatives Development Bank and Bank Refah have agreed to lend 2.1 trillion rials ($66.4 million) to marine industries.


Short URL : https://goo.gl/HWDhy2
  1. https://goo.gl/QKtbM0
  • https://goo.gl/w3CwrN
  • https://goo.gl/r9Nrox
  • https://goo.gl/jLB7Ji
  • https://goo.gl/k1vyx4

You can also read ...

Fiat Chrysler Recalls 4.8m Vehicles
Fiat Chrysler is warning the owners of approximately 4.8...
Tesla’s Gigafactory in Nevada, the US
Tesla Inc has flown six planes full of robots and equipment...
Turkey Determined to Protect Companies From US Sanctions
Turkey will take every initiative to protect its companies...
Westminster Group Hopeful Over Iran Airport Security Deal
UK-based company Westminster Group PLC is still hopeful it can...
About 60% of the total volume of NPLs in Iran are considered irrecoverable.
Iranian banks and credit institutions held a total of about 1....
IRICA Discontinues Upfront Import Tax Payment
The import department of the Islamic Republic of Iran Customs...
Bad Check  Ratio Improves
Iran’s banking sector witnessed a drop in the volume but a...
TEDPIX Starts Week at 95,794
Tehran Stock Exchange’s main index gained 349.0 points or 0.37...

Add new comment

Read our comment policy before posting your viewpoints