Emphasis on increasing the capital of the Cooperative Development Bank
The Cooperative Development Bank can help develop a resilient economy
Mehdi Maskani, Deputy Minister of Cooperative Affairs of the Ministry of Cooperatives, Labor and Social Welfare, said in a meeting with the CEO and members of the Board of Directors of the Cooperative Development Bank, which was held in the building of the Training and Research Center: The purpose of financing and promoting the cooperative sector in the national economy has been established.
Deputy Minister of Cooperative Affairs of the Ministry of Cooperatives, Labor and Social Welfare added: “The more effective presence and activity of the bank requires conditions, one of which is capital increase, and the Ministry of Cooperatives supports any action to increase the bank’s capital.”
“The Cooperative Development Bank can help develop a resilient economy and a popular economy,” Maskani said.
Deputy Minister of Cooperative Affairs, Minister of Cooperatives, Labor and Social Welfare, stating that the experience and facilities of the Cooperative Development Bank as accreditation tools can help this deputy in ranking cooperatives, added: “Using accreditation tools, the risk of financial activity is greatly reduced.” Finds.
Referring to the presence of the Cooperative Investment Guarantee Fund, Maskani added: “The Cooperative Development Bank, along with the Cooperative Investment Guarantee Fund, can provide a chain of services to applicants and cooperative activists.”
He added: “Cooperative Development Bank has special programs in the field of providing credit and banking services to cooperatives, and providing facilities at preferential rates to producers and entrepreneurs in the cooperative sector is one of the most important missions of the bank.”
Hojjatullah Mehdian, CEO of the Cooperative Development Bank, also emphasized his support for the 13th government’s plans in the field of economy and the cooperative sector and said: “In order to strengthen the cooperative sector of the economy, the Cooperative Development Bank needs a strong presence.”
He added: “Increasing the capital of the Cooperative Development Bank can increase our development measures many times over.”
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