Farshid Farrokhnezhad, chief executive officer of Bank Mellat, said
the bank is seeking to use available legal mechanisms to help petrochemical
companies affected by the recent war settle existing loans while creating
financing capacity for reconstruction and the continuation of operations.
“Given the new economic conditions, we have sought to use the
available legal capacity,” Farrokhnezhad said in comments to NIPNA on the
sidelines of the Iran International Exhibition of Electronics, Computer and
E-Commerce, known as ELECOMP.
He said Bank Mellat is also moving beyond conventional lending toward
alternative financing tools, including supply-chain financing, Gham bonds and bills
of exchange, to improve access to funding for large and economically strategic
industries.
The bank has established a specialized team to assess the financial
requirements of major industrial companies and is holding regular meetings with
industry groups to identify financing challenges and develop solutions,
Farrokhnezhad said.
Bank Mellat’s management and board are also regularly approving
measures to allow the lender to play a greater role in financing major
industries within the country’s legal framework, he added.
Petrochemicals are among the key industries supported by Bank Mellat,
reflecting the sector’s importance to industrial production, exports and the
broader economy. The bank’s latest approach places greater emphasis on
combining conventional lending with capital-market and supply-chain financing
tools to strengthen companies’ financial capacity.