Bank Melli Signals Support for Petchem Sector Financing

Bank Melli Signals Support for Petchem Sector Financing
(Sunday, May 11, 2025) 21:14

TEHRAN (NIPNA) — Iran’s Bank Melli has expressed readiness to support the country’s petrochemical sector through financing and investment partnerships, the state-run lender’s CEO said on Sunday.

Speaking on the final day of the 29th Iran International Oil, Gas, Refining and Petrochemical Exhibition in Tehran, CEO Abolfazl Najjarzadeh said Bank Melli is prepared to collaborate on financing development projects in the petrochemical industry.

“The banking system stands beside the petrochemical sector,” Najjarzadeh said during a meeting with Hassan Abbaszadeh, Deputy Petroleum Minister and CEO of the National Petrochemical Company (NPC). “Financing from banks will accelerate the country's industrial and economic development, and Bank Melli is fully prepared to play its part.”

Abbaszadeh also emphasized the critical role of banks in driving investment in the petrochemical sector, urging stronger participation from financial institutions in advancing key development plans.

The meeting underscored growing interest from Iran’s financial sector in supporting strategic industries as part of broader economic growth efforts.

 


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