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Export Guarantee Fund of Iran ready to aid neighbors

Business Materials 28 July 2011 11:01

Iran Azerbaijan, Baku, July 27 /Trend/

The Export Guarantee Fund of Iran has extended remarkable credit for loans to neighboring countries, Fars News Agency reported quoting Managing Director of Export Guarantee Fund of Iran Kazem Doust- Hosseini as saying.

"The Export Guarantee Fund of Iran has appointed good credit for Muslims and neighboring countries", he said.

The Export Guarantee Fund of Iran will merge with the Bank of Industry and Mining where the fund will be used to boost small industrial businesses.

The Export Guarantee Fund of Iran, as the country's only state owned export credit insurance company, is Iranian exporters' most trusted consultant and supporter via its insurance and guarantee services for their sound presence in new markets and present market maintenance, as well as its export finance facilitation.

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