Strategic Memorandum of Iran Saderat Bank and Saipa for production jump
According to the financial news report According to the public relations of Saderat Bank of Iran, Seyed Zia Imani, the CEO of Saderat Bank of Iran, at the signing ceremony of this memorandum, which was held in the presence of Mohammad Ali Timuri, the CEO and senior managers of this company and the senior managers of the bank, said this and added: the automobile industry is of special importance for the country’s banking network, and Saipa Group, as one of the main brands of this industry, has a special and privileged position in the field of employment, foreign exchange and the use of capable forces. With the signing of this memorandum and the arrangements made, the support of Saderat Bank of Iran to further serve the country’s production, employment and industry will expand significantly.
Imani mentioned the signing of this memorandum in order to provide more service to the people, production and employment, and emphasized: the coordination and cooperation between Saderat Bank of Iran and SAIPA will gain more speed. Saipa is considered one of the important and influential automobile companies in the field of production and employment in the country’s industry, the products of this company are used by the general public and the countries of the region, and for this reason, it is important for the Export Bank of Iran to provide services to this company.
He said: Iran Export Bank has taken a big step to support the automobile industry and serve the people by signing a large and effective memorandum of understanding to provide banking services and special attention to production, and the bilateral cooperation between Iran Export Bank and SAIPA will gain more speed.
The CEO of Saderat Bank of Iran added: supporting the industry by using all monetary and financial tools is an honor for the managers and employees of Saderat Bank of Iran, and since the majority of the shareholders of Saderat Bank of Iran and Saipa are members of the society, the cooperation was reflected in this memorandum. It is a win and its blessing will be given to a huge group of people in the society. This memorandum, which was signed in compliance with the requirements and regulations of the Central Bank, can be a suitable model for cooperation with other sectors of the country’s industry.
In this ceremony, the CEO of Saipa Automotive Group presented a report on the company’s activities and profitability process, appreciating the special support and attention given by the managers and employees of Saderat Bank of Iran to the country’s automotive industry and especially Saipa, and said: Saipa Group also, according to the program Sales will experience a significant sales jump this year, and due to the sale of new products, it will experience another jump next year, and to provide the credit required for the production of these products, Bank Saderat Iran, as one of the largest banks in the country, Assisted and supported Saipa within the framework of Central Bank rules and regulations so that we can provide the necessary platform for production jump in this company.
Appreciating the special attention paid by the CEO of Saderat Bank of Iran and the managers of this bank to production and employment, Mohammad Ali Timuri added: supporting production creates employment and only in the first eight months of this year, parts manufacturing companies under Saipa have made a special effort to attract new employees. . The mission of all sectors, including the banking system and the industry sector, is to operationalize the jump in production in a way that will attract new forces.
Providing all kinds of modern financial and banking services, granting all kinds of facilities, opening riyal and foreign exchange letters of credit, issuing all kinds of riyal and foreign exchange guarantees and issuing productive credit certificates (GAM) and guaranteeing murabaha bonds issued for SAIPA and its subsidiaries with an increase of more than 390% of facilities and commitments within the framework of laws and regulations, is the most important axis of Iran Export Bank’s services to support the continuity of production and employment in Saipa.