66491
Ayandeh Bank Financing SMEs
Ayandeh Bank Financing SMEs

Ayandeh Bank Financing SMEs

Ayandeh Bank Financing SMEs

Ayandeh Bank is set to provide 3 trillion rials ($80 million) in loans to small- and medium-sized enterprises by the end of the current Iranian year (March 20, 2018), the bank’s website has announced. To achieve targets envisioned by Resistance Economy (a set of principles outlined by the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei to prop up domestic production) and in line with CBI regulations, Ayandeh Bank has taken measures to support economic activities, especially SMEs . The bank also doled out more than 1.4 trillion rials ($37.5 million) to SMEs deemed viable by the Ministry of Industries, Mining and Trade in the last Iranian year (ended March 20, 2017). In June 2016, the Central Bank of Iran ordered banks and credit institutions to allocate a minimum 10% of their loans to small- and medium-sized businesses to help create jobs and lift the beleaguered production sector. By definition, enterprises run by 100 workers or less, and 50 workers or less are considered medium-sized and small respectively, according to Iran’s Small Industries and Industrial Parks Organization.  In July 2016, it was announced that 96% of the 88,000 licensed Iranian businesses are considered small- and medium-sized.

 

Short URL : https://goo.gl/2VMkOd
  1. https://goo.gl/InECqm
  • https://goo.gl/siy5wh
  • https://goo.gl/wBQ61s
  • https://goo.gl/PGMNcZ
  • https://goo.gl/rAoMIM

You can also read ...

Telegram Raises $850m From Investors Before Planned ICO
The chat app company Telegram filed documents with the US...
Iran-Greece Trade Tops $1.5 Billion
Iran exported more than €1.26 billion worth of goods to Greece...
On Sunday, the rial traded at 46,130 to the dollar, up 1.8%. 
With its foreign exchange package now in full swing, the...
Ban on Contraband Cellphones in Iran Reaches LG
Following the government’s belated policy of curbing cellphone...
Facebook has to delete all data it has gathered on Belgian citizens.
A Belgian court threatened Facebook (FB.O) on Friday with a...
Intel Hit With  32 Lawsuits
Intel has revealed that the company is facing at least 32...
Iran Decision on FATF Agenda
The Financial Action Task Force–the global anti-money...
Iran’s unemployment rate in the third quarter of the current...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus