Iranian bank to provide capital market traders with facilities

Business Materials 29 November 2017 14:30 (UTC +04:00)

Baku, Azerbaijan, Nov. 29

By Khalid Kazimov – Trend:

Iran’s Bank Refah, affiliated with the Social Security Organization, has decided to extend credit facilities and services to traders and brokers active in the country’s Mercantile Exchange and Energy Exchange.

The public relations office of Bank Refah has said that the brokerage firms, buyers and sellers enlisted in the mentioned markets will be eligible to benefit from the services.

According to the report, Bank Refah will provide brokers with required guarantees for obtaining licenses. In the meantime, the brokers will have a chance to receive facilities for renovating their offices as well as purchasing equipment.

Allocating facilities and issuing warranties are among the services that the buyers can receive from the bank.

Refah Bank will extend services to sellers through issuing warranties and allocating credit facilities.

The bank’s branches in the provinces of Tehran, Esfahan, Khuzestan, East Azerbaijan, Alborz, Khorasan-e Razavi, Kerman, Fars, Hormozgan and Bushehr will offer the services.