Signing a memorandum of understanding for the chain financing of economic enterprises

According to Monetary News, quoting Bank Mellat Public Relations, Salehabadi, Governor of the Central Bank, stated that the issue of financing production is one of the main priorities of the banking system: with the implementation of the production chain financing plan, the need for units liquidity will decrease. As a result, the pressure on the banking system will be reduced and we will see an improvement in the banks’ balance sheets.
Salehabadi, emphasizing that in this plan, instead of focusing only on liquidity, will rely on credit instruments, said: “The important policy is to prevent the diversion of bank resources in non-productive and speculative markets and to achieve credit guidance in production.”
Following the meeting, the Minister of Industry, Mines and Trade thanked the Central Bank and the operating banks for working together to help production and said: “Today we are witnessing a joint and coordinated work and this is a suitable and objective example for the coordination of the economic team.”
At the signing ceremony, the Minister of Economy and Finance thanked the Central Bank and the Ministry of Silence for their cooperation and called this joint work an example of synergy between the banks and the Ministry of Industry, Mines and Trade. Help the chain of resistance to sanctions and for producers in the current economic climate under pressure from oppressive sanctions.
Khandouzi called the financing of the production chain as a result of lowering the cost of production and systematizing the granting of credit to production and economic enterprises.
In this meeting, Mr. Mohammadi, a member of the Expediency Discernment Council, pointed out that today is a great day in the transformation and orientation of credit guidance in production: “Banks have been involved in this issue for a long time, which fortunately with the efforts of the Central Bank Production chain finance took the first and fundamental steps in this regard.
According to this report, Reza Dolatabadi, CEO of Bank Mellat, as one of the operating banks in the implementation of this important and strategic plan, was present at the meeting and signed a joint memorandum.