The preparation of the Cooperative Development Bank for the agency of sukuk bonds and participation for entrepreneurs

According to the financial news, Mohammad Sheikh Hosseini, head of the Cooperative Development Bank, said at the ceremony of honoring the entrepreneurs of Tehran province in Tehsah complex: the banking network has been the main driver of the economic development of the country, and the employees and pillars of the banks have always been with producers and entrepreneurs.
He added: 80% of the country’s financing is done through banks, and financing through the capital market has also played a role in meeting the needs of entrepreneurial and production units.
The head of the Cooperative Development Bank said: This young and state-owned bank with a developmental approach has had the honor of providing various services to entrepreneurs and producers, and the bank’s capital and resources have been spent on financial operations and supporting the real sectors of the economy.
Sheikh Hosseini pointed out: The mission of the bank has been to support the non-governmental sector with the priority of cooperatives, and the bank has allocated and distributed resources in these productive sectors of the economy.
He stated: Currently, the Cooperative Development Bank is in charge of managing contracts and understandings with executive bodies, through which entrepreneurs active in industry, mining and trade, agriculture, cultural heritage and tourism and small businesses are supported by the bank. and the bank has implemented practical support for entrepreneurs in the rural and nomadic sustainable employment plan.
The head of Tehseh Cooperative Bank said: The bank has been 100 percent committed to its assignments in national and special projects, and the bank has been one of the most active in cooperating with the National Development Fund and allocating resources to producers and entrepreneurs.
Sheikh Hosseini emphasized: The target of payment of 285 thousand billion Rials of facilities this year is the focus of the bank, and the share of diverse businesses and small and medium enterprises in this portfolio of facilities is high.
He said: In addition to providing development and diverse facilities to entrepreneurs and producers, Tehseh Cooperative Bank has the ability to support units through new financing methods as well as accepting the agency of issuing sukuk and partnership bonds and providing Building the financing of new units will take important steps.
The head of Tehseh Cooperative Bank said: Financing methods, including the issuance of letters of credit and the issuance of various types of guarantees, are also carried out for entrepreneurs and manufacturers in branches across the country.
In this event, Solat Mortazavi, Executive Vice President, Mohsen Mansouri, Tehran Governor, Mahmoud Karimi Biravand, Deputy Minister of Entrepreneurship and Employment Development of the Ministry of Cooperatives, Labor and Social Welfare, Mohammad Mehdi Baradaran Khalkhali, Deputy Minister of Industry, Mining and Trade, and Weis Karmi, Head of the General Department of the Ministry of Cooperatives , work and social welfare of Tehran province also raised important issues.