Almost 90% of the loan of Agricultural Bank has been paid to the agricultural sector
According to the financial news report, citing the public relations of Agricultural Bank, Farshid Farrokhnejad, the CEO of Agricultural Bank, in a meeting with the Minister of Agricultural Jihad, considered financing the agricultural sector and supporting the activists and producers of this sector as the main mission of this bank and said: in every The conditions for the continuation of these supports are emphasized and strengthening the support capacity of the Agricultural Bank will increase the quality of providing services to the target community and beneficiaries.
Farrukh Nejad, on Monday, November 8, in a meeting that was held in the presence of Mohammad Ali Nikbakht, Minister of Jihad and Agriculture, Kazem Khawazi, deputy director of planning and economic affairs of the Ministry of Jihad and Agriculture, members of the board of directors and managers of the headquarters and provinces of the Agricultural Bank, while appreciating the support of the honorable government. In particular, the Ministries of Agricultural Jihad, Economic Affairs and Finance, as well as the Central Bank of the Islamic Republic of Iran, stated: the share of the Bank of Agriculture in the total payment facilities of the banking network to the agricultural sector has always been above 50%, and more than 90% of the facilities of this bank are also to The specialized form is paid in the agricultural sector and the loan sector.
He stated that while respecting the balance of resources and expenditures and reducing the amount of overdrafts from the central bank, we are trying with all our might to prioritize the financing of agricultural projects and the optimal allocation of limited resources, he added: with the aim of strengthening the support capacity. the bank and the possibility of providing more and better services to the agricultural sector, in addition to using legal capacities to determine the bank’s claims from government companies and increasing the bank’s capital, it is expected that rial and foreign exchange resources of companies active in the field of agriculture will also be given to this bank be guided
The CEO of the Bank of Agriculture pointed out: Also, in order to attract resources, increase market share, and increase the bank’s support capacity in financing production units, processes and mechanisms to strengthen the network of urban branches in order to complete the service portfolio and provide the desired Riyal and foreign currency services. The needs of all customers have been formulated and adopted.
Farrukh Nejad further pointed to the growth of the bank’s resources, especially the increase in the volume of foreign exchange activities of this bank, and stated: In the resource growth index, compared to the average of the banking network, the growth of the bank’s resources has been acceptable, and this shows the efforts of our colleagues. It is 90 years old to provide good and effective services to customers and society’s trust and interest towards this bank.
He noted: In the share index of the foreign exchange market, Bank of Agriculture has increased from 3% to 7.23%, and the position of this bank has risen from 10th to 5th in the table of the share of the banking system’s foreign exchange market.
The CEO of the Bank of Agriculture emphasized: In the field of information technology and among the banking network, this bank has won the first place in the index of successful transactions, and this success shows the stability and continuity of providing electronic banking services to customers.
He also pointed to the seriousness of the bank in the correct implementation of digital transformation programs and the functional capabilities of Baran and Asan applications in the field of opening accounts and paying facilities in absentia, and stated: the new version of the agricultural products market system will soon complete the services and with The cooperation of the Ministry of Agricultural Jihad will be unveiled.
In the final part of his speech, Farrukh Nejad expressed his hope by stating that the 90-year old and lasting existence of the Agricultural Bank is the result and legacy of the sincere efforts of our colleagues in different eras, and today we are proud to serve the society with a very big and important goal. With the support of the government, we can be more successful in fulfilling our responsibilities, serving the agricultural sector and consolidating the country’s food security infrastructure.