Financing of 4 trillion petrochemicals by Bank Saderat

According to the financial monetary news, quoting the public relations of Bank Saderat Iran, the financing of petrochemical companies as the driving force of the country was done by the bank during the first 3 months of 1941 by paying 4,066 billion rials in the form of 160 liabilities and facilities, which played a significant role. In the development of infrastructure and products of this industry.
Bank Saderat Iran has taken an important step in supporting and financing the petrochemical industry by designing and offering a refreshing plan and completing the model of using domestic Rial documentary credits since the beginning of year 3, which in addition to providing Rial facilities, is a suitable alternative to foreign currency financing, refinancing. And Usans has been in the country under sanctions.
Meanwhile, in the latest move, the bank’s “Petrosad” plan has been presented with the aim of expanding the scope of services and at the same time reducing the cost of financing for petrochemical industry activists.
Today, in addition to using all capacities, including Rial capacities, Rial documentary credits and liabilities, Bank Saderat Iran has other capabilities of instrumental companies such as Sepehr Capital, Sepehr Exchange, Sarmad Insurance and Sepehr Saderat Financial Group, as well as its facilities abroad. It is used in the form of PetroSad project to support the petrochemical industry.