TEHRAN, Iran, July 13
Trend:
Export Development Bank of Iran is ready to act as a hub, and transfer the foreign currency of its exporters to any destination in the world, through an exchange, the Managing Director of the Bank Ali Saleh Abadi told Trend.
" Export Development Bank of Iran can transfer foreign currency via bank's exchange office from any source to any destination," he said.
Abadi went on to add that about 80 percent of the bank's advances and loans are provided in form of foreign currency. Considering the current situation in Iran, the bank's efforts are oriented towards facilitating advances," he said.
"The bank's general interest rate for savings is 14 to 14.5 percent. The bank has assigned some $952 million of advances to the knowledge-based companies, with a 12-percent interest rate," he said.
"Export Development Bank is able to purchase foreign currency from exporters, based on the daily rial rate," he said.
"The shares of Export Development Bank's subsidiary companies are expected to be offered at the stock exchange. By the end of summer shares of Tamadon Investment Company will be traded at the stock exchange while 17 percent from shares of Iran–Venezuela Joint Bank are also expected to be listed for sale at the stock exchange by the end of the current Iranian year (began March 20,2020), if the Central Bank of Iran approves it," he said.
"The bank has purchased considerable amount of foreign currency from exporters since last Iranian year, however the volume has declined in the current Iranian year (began March 20,2020)," he said.
"The Central Bank of Iran (CBI) has the precise statistics on the return of foreign currency revenues. The Export Development Bank has also requested the CBI to provide the related information about exporters," he said.