9033
MPs Bill  for Banks
Economy, Business And Markets

MPs Bill for Banks

State-owned commercial lenders will raise capital to increase lending to the private sector, lawmakers decided on Wednesday. The parliament ratified a bill to raise the capital of the banks by 100 trillion rials ($2.85 billion at market rate) during the next 10 years from state budget. The lenders are obligated to lend triple that amount to non-governmental projects as loans with five year repayment periods. The projects will be assigned by the vice president for strategic planning and supervision.

 

Short URL : http://goo.gl/eB6TZH

You can also read ...

Bosch, Valeo Entering Iran Auto Parts Market
Ezam Automotive Parts Group is set to produce automobile parts...
Iran should not view Afghanistan only as a consumer market, if the two countries’ economic ties are to be strengthened.
A review of trade between Iran and Afghanistan over the past...
Geely Introduces 'Volvo Sibling' in Iran FTZs
Geelran Motor, an importer of China’s Geely vehicles in Iran,...
Iranian Exports to Nigeria Up 69%
Iran exported close to $3 million worth of goods to Nigeria...
Banking hurdles are slowing MAN’s return to Iran.
MAN Diesel & Turbo, a German multinational that produces...
Car Show Opens in Kermanshah
Kermanshah, a city in western Iran, is hosting the eighth...
Qeshm Cement Company to Start Exports to Mozambique
Qeshm Cement Company has readied its first consignment of...
200,000 Marriage Loans in 24 Days
A total of 11 agent banks have allocated 200,000 marriage...

Trending

Googleplus