BAKU, Azerbaijan, July 12
By Elnur Baghishov – Trend:
Iran's Tose`e Ta`avon Bank (Cooperative Development Bank) issued more than 2.4 trillion rials (about $57.1 million) in loans in Alborz Province during the first three months of the current year (March 20-June 20, 2020), said Ali Ghiasi Director of Tose`e Ta`avon Bank’s branch in the Alborz Province, Trend reports citing the bank’s official website.
The director emphasized that these loans were issued to various economic sectors, mainly in the industrial sector.
He added that Tose`e Ta`avon Bank is taking necessary steps to create new jobs in Alborz Province.
Ghiasi noted that investment is one of the necessary issues in economic development. Bank loans are one of the most important ways to invest.
"Tose’e Ta’avon Bank has made it a priority to provide financial support and strengthen economic enterprises to support the development of small industries, cooperatives and those working in this area," he said.
Iran's Tose`e Ta`avon Bank supports economic and social development. The bank operates under the programs of the Ministry of Cooperatives, Labour, and Social Welfare of Iran.
