$37m in NDFI Loans for Environmental Projects

Bank Sepah has pledged to allocate some $37 million from the resources of the National Development Fund of Iran under its authority to environmental schemes in the form of low-interest loans. 
According to Mohammad Kazem Choqazardi, CEO of the Bank Sepah, the amount will be paid as working capital to private and cooperative companies and NGOs. 
"This year, Bank Sepah will supply the working capital for economically justified projects in the area of ecology," he was quoted as saying by IRNA. 
The loans will be given with interest rates ranging from 10% to 16%.