According to the Mehr News Agency, the two abovementioned Iranian banks have been authorized to pay for the projects that require $200 thousand up to $5 million credit after scrutinizing, and approval of the projects.
The interest on the allocated credit is 6 percent and the time for redemption of this credit would be at least 5 and at most 12 years while a 3-year interval is to be added to the above time span for installation and kicking-off of these credit lines.
According to this report, the most favorable utilization of the Agriculture Bank from the previous credit line allocated by IDB, has led to the allocation of the further $12 million credit by this bank.
The private sector applicants can refer to Mines and Industry and Agriculture Banks to make use of the rendered facilities.
HK/IS
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MNA
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