The most important mission of this bank is to direct financial resources to productive economic sectors in line with the country’s development goals

According to the Iran Economist, quoting the public relations of the Bank of Industry and Mines, Dr. Khorsandian stated in a symposium with the board of directors, the executive board and the headquarters and provincial managers, which was held today in the form of a video conference: , Is an opportunity for conflict of opinions and ideas and better and more explanation of issues and their follow-up.
Explaining the economic conditions of the country, Dr. Ali Khorsandian stated in this meeting: The first factor that leads to the consequences of investment is economic stability, and if there is minimal inflation, the conditions are ideal, and this will cause the economy to turn. .
He added: “Now that society is in a state of inflation, this is a problematic path in economic growth that makes it difficult to decide on new investments.
Dr. Khorsandian added: “Another part of the problems arises from the inherent performance of companies, which causes them to face problems in repaying the facilities received.”
The CEO of the Bank of Industry and Mines stated: “If we consider the 10-year statistics of fixed capital formation, in this period of time, fixed capital formation has had a decreasing trend and what the Bank of Industry and Mines has done, albeit small, in effective fixed capital formation.” Contrary to economic conditions, it has taken an important place in the field of performance.
“The budget deficit leads to inflation, and this is due to the conditions of sanctions, the international situation and other related factors,” he said.
Dr. Khorsandian reminded: “Today, in these sensitive conditions, investing in industry and production and progressing within the framework of the country’s economy requires a serious effort.”
“Estimates for the six-month period this year show that economic growth is close to the International Monetary Fund’s forecast, compared to the previous five-year plan for 8% annual economic growth,” he said. Which was not realized due to the problems caused by the oppressive sanctions.
The CEO of Bank Sanat va Ma’dan added: “Today, we must go through the path of digital transformation and provide the best services in accordance with the needs of customers and put the customer-centric slogan at the forefront of our actions and programs.”
According to Dr. Khorsandian, budget and financial discipline is an important and emphasized thing in order to achieve the goals of the bank and added: knowledge and skills acquisition in headquarters and branches should be considered and updating foreign exchange knowledge in the international arena is important It is great and we are expected to implement a special program in 1401 with this necessity.
Dr. Khorsandian explained: In receiving the claims, we need to carefully study the customer’s conditions; Sometimes the firm has the necessary capacity to repay the facility, but is not determined and willing in this regard, but in some cases, the firm does not have the necessary capacity and conditions to repay that we must distinguish between these two types of firms.
He said: “This bank has favorable conditions in terms of professionalism and agility, and with a little more effort, we will see further improvement of performance indicators.”
He called for improving the livelihoods of his colleagues, calling for the right to use all legal capacity to improve it; The fact is that with the inflationary conditions of the country, recipients of fixed salaries must be considered and supported in order to maintain their purchasing power.
Dr. Khorsandian stated: The issue of profitability is one of the axes emphasized and it is necessary for this bank, in addition to its development and professional mission, which is to direct financial resources to productive sectors of the economy in line with the country’s development goals, to take a look at the issue. It should be profitable and it is important to finance companies that are able to return the bank’s resources through proper accreditation and ranking and credit health.
The CEO of the bank reminded: leaving the business and transfer of surplus property, full establishment of corporate governance, full establishment of the accreditation system, full observance of the decisions of the Monetary and Credit Council, attention to youthfulness, transparency and discipline of the approved budget and cost management Of this bank is considered.
“Acquisition of receivables is our last tool in collecting receivables, and it is very important that we prevent the closure of the units that are appropriated, and we consider this a professional and ethical duty,” he said.