Ismail Allah Gani, the bank’s CEO, made the remarks at a coordination
meeting for the national conference on “Investment in Completing the
Petrochemical Value Chain to Finance Major Projects,” hosted by the National
Petrochemical Company.
“Bushehr province offers high investment potential, and Refah Bank, as
a pioneering financial institution, has actively entered the oil and
knowledge-based sectors,” Allah Gani said. He noted that the bank’s existing
stakes in major refineries—including Esfahan, Shazand, Bandar Abbas, and Amir
Kabir—position it to provide strong financial backing.
The bank offers support in four main areas: direct participation by
subsidiaries in project investments; provision of capital via two financial
instruments, namely special deposit bonds and foreign-currency facilities; use
of internal bank resources for affiliated companies; and modern financing
methods such as tokenization, designed with oversight from the Securities and
Exchange Organization, Ministry of Economy, and Central Bank.
Refah Bank pioneered the issuance of special deposit bonds in Iran,
issuing approximately 62 trillion rials ($1.4 billion) last year. This year,
the program targets 100 trillion rials ($2.3 billion) in financing. Projects
such as the Apadana Gulf initiative and Bandar Abbas refinery expansion are
among the first to benefit.
“Projects in Siraf alone have seen around 20 investment requests, all
of which can be supported by the bank. We also welcome collaboration with
private companies, particularly knowledge-based and startup ventures in
downstream petrochemicals,” Allah Gani said.
The bank aims to channel both small- and large-scale capital
transparently into petrochemical projects, enhancing production efficiency and
supporting sustainable industrial growth.