Thirty-five percent share of industry and mining in banking facilities
Deputy Minister of Banking, Insurance and Governmental Companies, Ministry of Economy: By the end of May this year, the share of the industry and mining sector in the facilities granted was thirty-four percent, which has increased by two and eight percent compared to the previous year.
According to the Iran International Stone Exhibition, Abbas Memarnejad, Deputy Minister of Banking, Insurance and State-Owned Companies of the Ministry of Economic Affairs and Finance, stated about granting banking facilities to the industry, mining sector: By the end of May this year, the industry and mining sector will share the granted facilities It is thirty-four percent, which was thirty-two percent last year; An increase of 2% and 8% in the facilities provided compared to last year, shows that the performance is in line with providing 40% of the facilities to the industry and mining sector.
He added: "According to the law, forty percent of the banks' facilities should be allocated to the industry and mining sector by the end of the Sixth Development Plan, and all efforts are aimed at achieving this."
Deputy Minister of Banking, Insurance and State-Owned Companies of the Ministry of Economic Affairs and Finance stated: "According to economic principles, allocation of credit to different sectors should be based on the value added of that sector, but in order to support the production of industry and mining in creating value added And is eight percent; Therefore, many believe that the share of this part of the facility should not be more than twenty-eight percent.
