24% growth in Riyal facility balance of Teshesh Saderat Bank until the end of January 1401

According to the financial news report, quoted from the public relations of the Iran Export Development Bank, this bank has always financed production sectors with a competitive and export advantage with the aim of helping to increase non-oil exports and create added value and stable foreign exchange earnings for the country. Supporting production and industrial units is at the top of all the bank’s programs.

According to this report, until the end of January 1401, the total balance of the bank’s foreign currency and rial facilities is equal to 869 thousand billion rials.

The total amount of facilities granted by this bank until the end of December this year is 130 thousand billion riyals, which has reached 128 thousand billion riyals in the same period of the previous year. In the same period, the balance of the bank’s facilities in the foreign currency sector was equal to 3 million and 624 dollars.

Also, the facilities granted from the resources of the National Development Fund until the end of December of this year have amounted to 18 thousand billion rials. In the same period, the bank has paid 112 thousand billion Rials of facilities from internal sources.

The facilities granted by Iran’s Export Development Bank to manufacturing companies were 127 thousand billion rials at the end of December this year, which accounted for 90% of the total facilities granted.

The facilities granted by Exim Bank of Iran to small and medium-sized companies have reached 27 thousand billion rials by the end of December 1400. By the end of December 1401, knowledge-based companies have allocated about 16 thousand billion Rials of facilities, which is 12% of the total facilities granted in the mentioned period.

In the international field, the main focus of the bank is on managing and maintaining direct brokerage relations with banks located in the target countries of the bank’s customers, such as some neighboring countries and Eurasia, European countries, Russia, etc., and the number of active foreign brokers is 26 banks around the world.

According to the mentioned report, international banking services to customers have continued continuously by concluding a contract or a cooperation agreement with domestic banks.

Periodic actions and follow-ups regarding checking the status of blocked accounts with broker banks and holding meetings with related units inside and outside the organization to remove their blockages, conducting affairs and correspondence related to joint economic commissions and active participation in relevant meetings, conducting matters related to membership in International assemblies and associations such as Edfiap and Aman Union and joint chambers of commerce with the target countries of the bank’s activities have been in the international sector.

Granting buyer’s credit facilities in the amount of three million and 200 thousand dollars, receiving the approval of Mirbusiness Bank of Moscow to grant a credit line of 20 million euros for financing imports, continuing to investigate and solve the problems of the electricity transmission line construction project in Armenia and attracting the participation of Tavanir company to complete the project It is one of the other actions of this bank in the international field.

Examining the status of projects financed by Iran’s Export Development Bank until the end of January 1401 shows that Bushehr Petrochemical Complex with a facility amount of 12 billion and 900 million yuan, Marine and port services of Aria Benader Iranian with an amount of 53 million dollars. The bank’s internal resources and 120 million dollars from the National Development Fund, Gachsaran Petrochemical with the amount of 134 million euros and Iran Alloy Steel with the amount of 69 million euros have been able to benefit from the facilities of this bank.

Also, Arvand Jahan Arare Steel has received 142 million and 900 thousand Euros, Salman Farsi Petrochemicals has received 55 million Euros, Armenia’s Sanir Hayon has received 66 million Euros, and Ardakan Steel Complex has received 47 million Euros.

Regional Electricity of Sistan and Baluchistan with 790 billion Rials, Iran’s Porcelain Industries with 9 million Euros and 200 billion Rials, Bedgol Carpet Flowering with 880 billion Rials, Gharb Regional Electricity Company with 400 billion Rials, Spad Farmed Daru with 110 billion Rials, Poyendang Company Pardis Medical with 490 billion Rials, Mazi Noor Electronics Industry Company with 115 billion Rials, Atlas Textile Industries Company of Rees Kashan with 500 billion Rials, Negin Mashhad Carpet with 500 billion Rials and Negin Shana Food Industries with 112 billion Rials are among the other manufacturing companies. are included in the Jirga of the recipients of Iran Export Development Bank facilities until the end of January 1401.

In order to provide the working capital needed by export companies, the Export Development Bank provides foreign currency and riyal facilities for the procurement of raw materials and equipment to these companies. provides

Despite the gradual nature and continuity of sanctions against the country in the past forty years, Iran’s economy has found relative compatibility with the mentioned conditions in recent years, and in case of proper use of previous experiences and reliance on domestic capital, including human capital and other sources, the effect of sanctions on the economy The country will become less colorful.