Bank of Industry and Mines and the completion of seventy semi-finished projects
Managing Director of Sanat va Ma'dan Bank: This year, the completion and operation of semi-finished projects, which have already been funded by this bank and are 80% complete, are on the agenda as one of the priorities, including 70 medium and large projects.
According to the International Exhibition of Iranian Stone, Hossein Mehri added: "Assessing problematic and stopped units and removing obstacles in order to return to the production cycle of these units and using legal capacities to help active and problematic units."
He said: "Exploitation of the mentioned projects will help the production, employment and export of the country and the efforts of Sanat Bank and mining will accelerate the completion of these projects."
According to the CEO of the Bank of Industry and Mines, today the country's industry and mining sector has a 30% share of bank payments, and we need to strengthen capital to meet the needs of this sector, and the government increased the bank's capital by 1,400 billion rials last year. .
Completion of the value chain of production units
Mehri noted that the completion of the value chain of production units is one of the priorities of the Bank of Industry and Mines, and their completion will reduce the cost of the product and justify the country's export discussion.
Statistics from the Ministry of Industry, Mines and Trade show that in 1397, the share of the mining and mineral industries sector in total non-oil exports amounted to twenty-one percent and amounted to nine and two billion dollars.
Ninety percent growth in facility payments
Mehri pointed out that the performance in April of this year shows that in the payment of facilities compared to the same month last year, a growth of ninety percent has been achieved, which is not convincing and should be more than doubled, in which more effort is made.
The CEO of Bank Sanat va Ma'dan added: "Facilitating credit processes, implementing corporate governance in order to streamline and facilitate executive processes, continuing mechanization of operational processes and developing electronic platforms in the framework of digital banking, providing and allocating cheap resources for production units, especially The use of the resources of paragraph A of Note 18 and the provincially managed funds, as well as the decentralization and increase of the powers of the provinces in examining the granting of facilities and receipt of claims required by this bank for this year as a leap in production.
Priority of knowledge-based and export-oriented projects
Mehri emphasized: knowledge-based and export-oriented projects with high employment as one of the priority axes of this bank are on the agenda for this year.
He reminded: providing working capital of active production units with the aim of maintaining and increasing the level of production, providing fixed capital of developing units as well as units that are in the value chain and paying attention to knowledge-based projects in prioritizing granting facilities of Bank Sanat And the mine is in place this year.
Covering mineral plans to prevent crude sales
The CEO of Sanat va Madan Bank mentioned the coverage of mineral projects as one of the priorities of the bank's financing and said: the non-implementation of projects in this sector has caused some kind of crude sales to be done and the need to solve this issue in completing the value chain Related to steel, copper, aluminum and decorative stones have been observed to be completed.
According to the Ministry of Industry and Mines, there are now more than 5,600 active mines in the country, and about 4,000 mines are considered inactive or stagnant.
He noted that the Bank of Industry and Mines is ready to complete the chain to prevent the sale of raw materials and to transfer higher value-added products to export target markets.
Bank of Industry and Mines and oppressive and coronary sanctions
The CEO of the Bank of Industry and Mines explained about international issues: "Today, the corona virus has affected the economy and world relations. Its effects in the field of air, land, open rail and transportation of goods are difficult."
"In addition to Corona, we can point to the harsh US sanctions against Iran, the first of which targeted the banking system and the Bank of Industry and Mines was subject to sanctions. The third issue was the non-approval of the FATF, which has negative consequences," he said. It is gradually appearing in the banking system.
Mehri added: "We are trying to solve the problems through brokerages and exchange offices, and this will cover financial costs and time exports, and in fact, it will make the process of moving money and goods more difficult and to import machinery and items." There is a need for this problem.
According to him, 15 to 16 percent of the overhead costs are now being imposed on artisans and miners, while before the embargo with LC, goods were easily cleared through customs, but now there are problems.
The CEO of the Bank of Industry and Mines stated that the use of domestic documentary credit, the use of productive credit certification, the use of value chain capacities, as well as the use of debt purchase instruments as priorities for the use and development of banking instruments to support producers this year Seriously.
* IRNA
