20th October 2019
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    • Foreign exchange services of Bank SHAHR to production and commercial units

      Foreign exchange services of Bank SHAHR to production and commercial units

      Foreign exchange services of Bank SHAHR to production and commercial units

      BANK SHAHR’s Foreign Exchange Operations Officer emphasized the importance of supporting producers in line with the country's production boom, and announced the bank's special foreign exchange services provided for manufacturing and commercial units.

      According to the reports of Communication Center and Public Relations of Bank SHAHR, Mehdi Mirza Mohammadi stated adding this: “Given the current economic conditions of the country and this year's naming as" Productive Boom ", the bank has put providing foreign exchange services to manufacturing units to its agenda since the beginning of the current year.”
      “Most of these units, despite rising commodity prices, have had lower sales, which is why BANK SHAHR’s support for manufacturing companies has been taken into consideration, and instead of receiving cash bail bond from the customers and blockage of liquidity of these units in the bank, we issue a variety of bank guarantees and remittances for them, he added.”
      Mirza Mohammadi also noted: “Credit issuance in other banks usually means that the applicant can apply for credit approvals 3 to 6 months after opening an account and identifying activities, but in BANK SHAHR, in the field of currency for manufacturing companies and Valid trading and based on customer records in other banks of the country and at the time of opening accounts, branches are authorized to require clients to issue a credit limit for L / Cs and to guarantee the provision of a definitive clearance of currency clearance and currency brokerage even for the required contract or a combination of other assurances.”
      The Bank's Foreign Exchange Operations Officer continued by hoping that through these measures, manufacturing units and businesses would focus their resources on the bank as a business partner during the boom.