Banks Told to Bear With Defaulting Manufactures

October 27, 2021

T he Economy Minister Ehsan Khandouzi said manufacturing units unable to repay debts to banks should not be shut.

He communicated this in a letter to the Industry Minister Reza Fatemi Amin, asking him to submit the list of production units closed due to bank arrears, the news agency of the Economy Ministry said.

While underscoring the need for viability of indebted businesses, Khandouzi said “bank debts have to be reimbursed without undermining production units and jobs.”


Top News


Bahrain Loses Case Against Iran Banks
November 25, 2021
Bank loans to economic sectors increase ...
November 22, 2021
Forceful Measures to Tame Unruly Banks
November 21, 2021