Banks Told to Bear With Defaulting Manufactures

October 27, 2021
banking

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.”

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