The banking system must move towards accreditation to pay for facilities
Mohammad Reza Farzin in today’s meeting of the President and the government’s economic team with CEOs of public and private banks stressed the pivotal role of banks in financing businesses and added that the banking system should move to accreditation instead of collateral, not only the speed of payment of facilities Increase the return of resources to the bank.
He said: “In order to accelerate the process of activity of companies and also meet the economic needs of applicants, the process of paying bank facilities to the public should be easier.”
The head of the Coordinating Council of State-Owned Banks, stating that 83% of the financing of the country’s economic enterprises is done by the banking system, continued: “Iran’s economy is bank-oriented and banks need to play a proper role in this regard.”
The CEO of Bank Melli Iran pointed to the financial value of more than 80,000 billion tomans of the country’s banks and stated that the people’s trust in the banking system is very significant. Has 8 bank accounts.
Farzin also called the role of the banking system in creating significant jobs and said that banks pay significant amounts of facilities every year to create or develop employment-generating businesses, said: now more than 230,000 people directly and indirectly in The banking system of the country is employed and we have more retirees from the banks in the country.
Payment of 150 thousand billion tomans of facilities in 9 months 1400
He also presented a report on the performance of Bank Melli Iran, stating that “Bank Melli Iran is the brand of the banking system” and “Our goal is to increase the financial coverage of Bank Melli Iran”.
Farzin said: Bank Melli Iran has branches in all cities and villages and we believe that these conditions should be maintained.
He also pointed to the payment of 150,000 billion tomans of facilities during the first 9 months of this year by this bank and noted: 40% of this amount has been paid in the form of micro facilities.
The CEO of Bank Melli also called Kargshaei Bank a suitable place for microfinance and emphasized on the development of this process, stating that the process of paying facilities in this bank is done only 24 hours and receiving micro collateral.