Banks Urged to Help  Quake Victims
Economy, Business And Markets

Banks Urged to Help Quake Victims

Central Bank of Iran’s Vice Governor Akbar Komijani appealed to the country’s banking system to help the victims of Kermanshah’s recent earthquake and fulfill their corporate social responsibility. “As CBI’s governor urged the banking system to support small- and medium-sized enterprises, Kermanshah’s SMEs can be the top priority for allocation of loans,” Komijani added. A few days ago, the Iranian government announced that it will allocate 6,590 billion rials ($164 million) in loans and 2,810 billion rials ($70 million) as grants to households in the quake-stricken provinces. A 7.3-magnitude earthquake shook the western province of Kermanshah and the regions bordering Iraq on Nov. 12. The natural disaster cut short hundreds of innocent lives and caused widespread material damage.

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