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Iranian Companies to Get $65 mln IDB Loan.

Elaborating on the details of the loan, Jamali said that International Islamic Trade Finance Corporation (ITFC), an IDB affiliated, has approved a $35 loan to be granted to Esfahan Mobarakeh Steel Company. The loan will be used for importing raw materials, he added.

ITFC also approved another $10 million loan to be granted to Farda Oil Company to be used for importing oil seeds and raw materials, he said.

ITFC also approved opening a $20 million credit line in favor of Iran's Saderat Bank to be used for providing short-term credits for medium and small enterprises, he added.

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Publication:Moj News Agency (Tehran, Iran)
Date:Jun 19, 2010
Words:113
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