Bank Sepah Funding Jobs

With the aim of promoting job creation, Bank Sepah, a major state-owned lender, has allocated 25 trillion rials ($632.9 million) to be granted as loans to projects selected by provincial task groups, announced the bank’s chief executive. “All real and legal persons belonging to the private sector and cooperatives active on the national, provincial and rural scales are eligible to use the funds if they are approved by the provincial task groups,” Mohammad Kazem Choghazardi was also quoted as saying by the official news website of Bank Sepah. The funds are part of the Central Bank of Iran’s plan to support small- and medium-sized enterprises that are considered effective for creating jobs across the country.