30 May 2022 - 10:00
National Development Fund of Iran;

Debtor banks will not receive any facilities this year

National Development Fund announced publication of call of Rial Deposit and Currency Exchange Agent of operating banks, including credit ceiling of each bank and general conditions of cooperation of operating banks with National Development Fund for provision of foreign exchange and Rial facilities to investment applicants in manufacturing projects
News ID : 133085
صندوق توسعه ملی

IBENA- For first 6 months of this year, 91,000 billion Rials facilities are considered as general quotas and quotas of Knowledge-based, nomads, welfare and self-sacrifice sectors should also be declared through responsible agencies and determined separately accordingly, Abazar Karimi Rahjerdi, Head of Banking and Credit of National Development Fund, referring to sending a call to 19 banks to use Rial facilities of National Development Fund, said.


head of banking and credit of the National Development Fund, in line with slogan of this year and supporting  knowledge-based foundations, stated that quota of this part of Rial facilities of National Development Fund in 1401 is 20,000 billion Rials and said: These facilities interact with Vice President of Science and Technology in operating banks nominated by Vice President of Science and Technology will be provided to banks as a fusion of bank's internal resources of $ 40 trillion in investors.


He Emphasizing that amount of foreign exchange facilities of National Development Fund will not increase this year, Karimi said: Due to the high Rial obligations, it is not possible to increase Rial credit limit for banks this year, and in order to manage Rial requests, it is even possible to reduce it.


Referring to recent decision of Board of Trustees of the Fund on share of 50 percent of banks in Rial investments, he said: According to recent decision, banks are required to bring 50 percent, thus amount of Rial payment facilities resulting from deposit of National Development Fund in  first 6 month of this year will reach more than 200,000 billion rials.


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