Agribank Extends 21% More Loans
Agribank Extends 21% More Loans

Agribank Extends 21% More Loans

Agribank Extends 21% More Loans

Iran’s Keshavarzi Bank, also known as Agribank, has granted 290 trillion rials ($6.19 billion) worth of loans to farmers since the beginning of the current Iranian year (March 21, 2017), which is 21% more compared with the similar period of last year, the CEO of the bank, Rouhollah Khodarahmi, said on Saturday. The chief executive said that under the country’s current economic circumstances, the bank has prioritized projects related to installation of modern irrigation systems, expansion of greenhouses, agro mechanization, fisheries and cage fish farming, as well as completing agricultural products’ value chains and supporting the cultivation of staple foods as the prime candidates for loans, ILNA reported. Agriculture Minister Mahmoud Hojjati said the agriculture sector now accounts for 12-13% of Iran’s gross domestic product, adding that the sector has created 19-20% of all the jobs in the country. The latest data released by the Statistical Center of Iran show agricultural production grew by 4.2% during the first half of the current fiscal year (March 21-Sept. 22) compared with last year’s corresponding period.



Short URL : https://goo.gl/A4DWXi
  1. https://goo.gl/fn2KiW
  • https://goo.gl/NZANhN
  • https://goo.gl/BDKkmk
  • https://goo.gl/wDDXG9
  • https://goo.gl/wcv8M7

You can also read ...

Forex Rates Jump After Gov’t Stops Cheap Currency Allocation
Foreign exchange rates in the unofficial market registered...
Int’l Airlines’ Presence in Iran Boosted After JCPOA
A total of 51 foreign airlines are now operating in Iran, up...
Facebook Lures Google Engineer to Head Its Own Chip Development
Facebook Inc. has sent another signal that it is serious about...
US Confiscates 500 Iranian Bitcoins
The US federal government confiscated at least 500 Bitcoins...
Export Billet Prices Increase on Reduced Availability
Iranian export billet prices increased by $5-10 per ton over...
New MacBook Features Dust-Repelling Keyboard
Apple’s new MacBook Pro keyboards are slightly quieter than...
Platform to Promote FATA-IFA Interactions
A new platform has been launched to facilitate interactions...
Tehran to Host Startup Week
Attended by fintechs and startups, Tehran is to host a week-...

Add new comment

Read our comment policy before posting your viewpoints