Cooperative Development Bank’s support for small and medium industries

According to the financial news, Seyyed Baqer Fatahi, the chairman of the board of directors of Tehsehe Cooperative Bank, congratulated the day of supporting small industries and stated: the government has implemented several programs to support industries, and besides that, the banking system also has duties and responsibilities to finance industries. is in charge

He added: Many small and medium-sized enterprises, which were closed or semi-closed, have returned to the production cycle by the order of the president during his provincial trips, and with the activities of these units, undecided youths have returned to their jobs.

Fatahi pointed out: Cooperative Development Bank has entered into cooperation with the Ministry of Industry, Mines and Trade in national projects, especially Clause A of Note 18 of the Budget Law, and by concluding and advancing contracts and memorandums, a large number of plans and projects related to small industries, in The country has benefited from the preferential facilities of the Cooperative Development Bank.

The Chairman of the Board of Directors of Tehseh Cooperative Bank said: More than 144 thousand billion Rials of facilities in 1400 and more than 124 thousand billion Rials of facilities in 2009 were paid by Tehseh Cooperative Bank to the industry and mining sector, which is a share equal to 54 to 56 percent of the facilities portfolio. It has included the bank that small industries have had an important contribution in these payments.

He stated: Considering the importance and important role of small industries in the economic development of the country, during the last six years, 435 billion Rials of Cooperative Development Bank facilities have been paid to the industry and mining sector.