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Managing Director of Industry and Mine Bank Announced: 1300 facilities offered tothe Industry and Mine sector
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Managing Director of Industry and Mine Bank said:” The Industry Development and Renovation Organization (IDRO) has allocated 1300 cases of facilities to the industry sector during the last six months.”
According to the News Agency of Ministry of Industries and Mines, Mohamad Reza Pishro said at “Qom on the way of Industrial Mutation” Conference:” There is a believe in our country that recognizes financials as the most important issue of starting any industrial activity and every body pays attention to the bank facilities. The fact is that financial resources are just one of the important factors involving in establishment of productive industrial units and every thing is not depended on them.”
Mentioning the other methods of financing which are being used in the other countries he added:” For example it is possible that 50 percent of the needed credit to be offered by banks and the remaining part to be supplied through selling bonds or offering shares in the stock exchange.”
He said:” It is necessary to change the system of financing industry sector and to reduce the dependency to the banks. In bank we depend on the people’s deposits and when the offered facilities are not paid back to the bank, the ability of the bank in offering facilities will be weakened.”
Mentioning the performance of the Industry and Mine Bank during the past six months he added:” Up to 1300 cases of facilities have been paid to the industry and mine sector during this period and we had no payment to any other sector.”
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