BSI Tops Loan Payment Growth

Bank Saderat Iran has doled out loans worth 174 trillion rials ($4.5 billion) in the fiscal year that ended on March20, 2017, registering a year-on-year growth of 36.3%. According to a statement on BSI’s official website, the bank ranks first in terms of loan growth among Iranian lenders. These have been extended to economic sectors in line with the concept of Resistance Economy that calls for boosting domestic production and curbing oil dependence to make the country resilient to economic shocks. BSI has recently been hailed as the best bank in terms of loan payment by the Task Force of Resistance Economy, which is chaired by First Vice President Es’haq Jahangiri. Founded n 1952, the privatized lender runs the largest banking network in Iran with around 2,500 active branches. With 27 independent and joint branches, Bank Saderat Iran also has the largest Iranian banking presence overseas.