Utilizing Bank Mellat’s capacity in petrol development projects

According to the financial news report, quoted by the Persian Gulf Petrochemical Complementary Industries Investment and Development Group Company, Rashid Ghanei stated in a meeting with Reza Dolatabadi, the CEO of Mellat Bank, which was held in order to expand relations and cooperation: all development projects to complete the value chain and The downstream parks of Petrol Group, in addition to having a significant economic justification and quick yield, are implemented in less developed areas, which bring effective and sustainable job creation.
He evaluated the role of liquidity in providing suitable financing for development projects as important and reminded: Petrol Group and Mellat Bank can create wealth for shareholders and beneficiaries together.
Emphasizing the strengthening of cooperation in various fields this year, the CEO of Petrol said: We will optimally use the capacities of the banking system, especially Bank Mellat, to advance the goals of this group in the field of capital provision.

Bank Mellat’s readiness to provide different models of financial resources

In this meeting, Reza Dolatabadi, the CEO of Bank Mellat also pointed out that the petrochemical industry needs investment and there is no access to foreign investment, and added: Bank Mellat is the largest bank in the country in terms of facilities and commitments, which can provide facilities in Provide large dimensions in the field of Rial and foreign exchange.
He pointed out that Mellat Bank is trying to provide various combined and integrated investment models with a new approach to meet the needs of Petrol Group, he said: We hope that with the new approach that has prevailed in Petrol, we will be able to provide better services to this to present the group.
It should be noted that in the meeting of the CEOs of Petrol Group and Mellat Bank, which was held with the aim of increasing the level of interactions between the two groups, the need for services such as the formation of a joint working group between the Bank and Petrol, the conclusion of a memorandum of cooperation between the two groups, and the use of the bank’s capacity in participating in projects and financing , the opening of letters of credit and the use of subordinated documents, etc., to provide resources for petroleum development projects were emphasized.