79% growth in the amount of payments of the Bank of Industry and Mines

Asghar Pak Tinat, Chairman of the Board of Directors of the Bank of Industry and Mines, stated: “The issuance of Rial guarantees is 27% more than the 9-month period of last year.”
The senior bank manager said: “A larger share of payments to provide working capital, which indicates the attention and priority to provide resources to manufacturing companies to provide the raw materials needed so that no production unit is faced with capacity reduction or production stoppage.” ; Of course, we continue to support the creation of knowledge-based and export-oriented units and the completion of semi-finished units that have high physical progress.
He added: “Reducing the collection of bank receivables, slowing the flow of liquidity in the economy, lack of timely and optimal allocation of resources to the production network, will increase unemployment and ultimately the recession; Therefore, the issue of collection of claims is an issue that we must take more seriously.
Pak Tinat continued: “Fortunately, in the Bank of Industry and Mines, the receipt of receivables due to economic conditions, price and currency fluctuations and procrastination, has grown significantly and has increased by 59 percent.”
He reminded: “Some of the issues that cause delays in banks are at the disposal of managers and employees of the banking network, which can be improved by planning and training and creating logical mechanisms and using new methods of accreditation.”
In the end, he pointed out: delegating authority to branches and increasing the scope of their authority, as well as proper interaction with customers, are other factors that have been effective in reducing the bank’s non-current receivables in the first nine months of this year.