NDFI Releases 2018 Lending Data

According to a report published by National Development Fund of Iran on its website, the sovereign wealth fund, the fund gave foreign currency loans through 20 agent banks in the first 9 months of the previous year (March 21-Dec. 21 2018).
It allocated $22.6 billion to private sector projects, $96 million to cooperatives, $14.9 billion to nongovernment economic firms and $569 million to other schemes.
It said $14 billion was given to various economic sectors through agency contracts with banks. Bank Mellat and Bank of Industry and Mine had the lion’s share with each releasing $2 billion, followed by Bank Pasargard and Tejarat Bank with $1.5 billion each.  Bank Melli Bank Sepah, and Bank Keshavarzi - the main agriculture bank – each got $1 billion of NDFI facility to lend to diverse sectors.