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Continued Backing for Production, Employment

Continued Backing for Production, EmploymentContinued Backing for Production, Employment

The Iranian banking system will continue to support production and employment in the current fiscal year as it did last year, says the chief executive of Bank Melli Iran.”Even though it had been predicted that 7,500 production units would receive credit from the banks during the previous year, the number actually reached 25,000,” Mohammad Reza Hossein-Zadeh was also quoted as saying by the official website of BMI. From a total of 170 trillion rials ($4.5 billion) in loans allocated to the small- and medium-sized enterprises last year in line with resuscitating them, “more than 30 trillion rials ($800 million)” were provided by Bank Melli Iran. According to Hossein-Zadeh, BMI and the banking network in general will focus on “unfinished production units and seeing them to completion”.

 

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