EDBI’s Achievements In Boosting Exports
TEHRAN – On the eve of the anniversary of the victory of the Islamic Revolution, Export Development Bank of Iran has prepared a report “Big Stride for Financial Support of Exports Companies Through Finance and Refinance Credit Lines” to present its achievements in the international scenes.
The report points to the importance of the non-oil exports and the strategy of the government and Islamic Republic for developing it.
It indicates that financial support for non-oil exports is of the major issues which can pave the way for materializing the goals in boosting non-oil exports.
A glance at the performance of Export Development Bank as a specialized bank in the non-oil exports sector shows that the bank has taken good steps in materializing the macro goals in the exports sphere in the post-sanctions era.
The report shows that the bank has received refinance credit lines worth 25m, 100m and 25m euros from France, South Korea, and Turkey. It also indicates that the bank has signed for finance credit lines worth 8b, 10b and one billion euros from South Korea, China, Austria and Russia.
The bank has achieved great success after the JCPOA as it has reconnected to the SWIFT and it has restored relation with more than 100 foreign banks.
132 foreign banks and foreign branches of Iranian banks abroad have restored SWIFT relation with EDBI.
The bank has set good records in brokerage relation and receiving finance and refinance credit lines in exports sphere.