Signing a memorandum of understanding between Bank Shahr and free trade-industrial and special economic zones

Seyed Mohammad Mehdi Ahmadi, CEO of Bank Shahr, referring to the effective role of Bank Shahr in the infrastructure development of the country’s cities, said: “Ready to support the development process in free zones and present We are financial-banking services to economic actors in these areas.
He stated that Bank Shahr is currently one of the top banks in the country in providing banking services in the fields of foreign exchange and Rials: in recent years, Bank Shahr has been supporting production units, helping economic actors and completing the cloud National projects have played an important role and are now ready to provide new financial services in financing infrastructure and economic projects in the free zones of the country.
In another part of his speech, Ahmadi emphasized: “With all our might and considering the bank’s capacities, we will be ready to provide services in order to achieve the goals of free trade-industrial zones as the driving force of the country’s development.” We believe that the development process in the country will accelerate when the free zones can pave the way with new innovations and initiatives.
Referring to the familiarity of the bank’s pillars with “institutional banking”, the CEO of Bank Shahr said: “Considering the level of interaction that currently exists between the two parties, we are ready to introduce it as the operating bank of free zones and a comprehensive financial and banking services package in this Special offer.
He pointed to the role of Bank Shahr in the development and completion of urban super-projects (such as: development of metro lines, assistance in the modernization of public transport, construction of urban tunnels, etc.) and added: Certainly capability, expertise, agility in decision-making and The capacities of this bank can guarantee the development of activities in the free zones and provide suitable opportunities for economic actors in the free zones.
Ahmadi said: “Also, the instrument companies of the bank’s subsidiaries are ready to provide conditions for economic actors through new financing methods, including the issuance of sukuk and Murabaha bonds, according to their capabilities in their specialized fields.” Take action in financing free zone projects.
Referring to Bank Shahr being a leader in providing foreign exchange services, he added: “Considering the need of citizens, businessmen and economic activists in free zones for full banking services, especially foreign exchange services and financing projects for development projects from foreign investment sources.” And National Development Fund; We are ready to provide services to support large economic activities in these areas as well as the implementation of super projects.
Ahmadi, announcing the readiness of Bank Shahr to promote cooperation with free zones and increase the level of authority of bank branches in these areas, said: “One of the salient and different features of Bank Shahr compared to other banks is its high speed of decision-making.”
At the end of his speech at the ceremony, the CEO of Bank Shahr expressed his hope that with the empathy that exists between the two sides and in the form of this memorandum, which was prepared after holding various expert meetings, we can take big steps towards development and Take the economic prosperity of the country and especially the free zones.
Saeed Mohammad, Advisor to the President and Secretary of the Supreme Council of Free Trade-Industrial and Special Economic Zones, also emphasized at the ceremony: “We have opened a special account on the support and assistance of Bank Shahr for the development of free zones and achieving our goals.”
“We are trying to increase the capacity of free zones even more,” he said. “In the near future, some areas of the country will be added to free trade-industrial zones.” We also have the creation of joint free zones with neighboring countries on the agenda.
Saeed Mohammad stated: We know that Bank Shahr is a leader in many banking areas in the country, therefore, considering that the relations of free zones will be expanded in the international arena; We expect to fully benefit from the foreign exchange services of Bank Shahr.
Referring to the presence of knowledge-based companies in free trade-industrial zones, the President’s Advisor continued: Bank Shahr can play a constructive role in solving problems and increasing their products by improving the level of cooperation with these companies.
Saeed Mohammad emphasized: “We hope this memorandum can highlight the role of Bank Shahr in participation, investment and development of infrastructure in free zones.”