EghtesadOnline: Iran’s Bank of Industry and Mine is financing 143 national projects that can generate more than 30,000 direct jobs.

EghtesadOnline: Bank of Industry and Mine sold off a 51% stake in its investment arm, Industry and Mine Investment Company on Tuesday on the capital market, BIM’s head of subsidiaries and general meetings manager, Abolfazl Najjarzadeh, announced.

EghtesadOnline: Bank of Industry and Mine will be the first Iranian bank to sell off its excess assets on the capital market.

EghtesadOnline: Russia’s Vnesheconombank, otherwise known as VEB, has signed a contract with Iran’s Bank of Industry and Mine to finance a thermal power plant project in Hormozgan Province.

EghtesadOnline: Iran’s Bank of Industry and Mine has set up correspondent relations with 82 banks from 33 countries in the last Iranian year (ended March 20, 2017), the bank’s deputy for international affairs announced.

EghtesadOnline: Bank of Industry and Mine plays an effective role in boosting industries across the country through financing various projects and creating many job opportunities by opening lines of credit worth $11 billion as well as allocating more than 20 trillion rials ($532 million) of loans to small- and medium-sized enterprises , the bank’s website announced.

EghtesadOnline: Bank of Industry and Mine has allocated 253 trillion rials ($6.8 billion) in loans to 1,427 industrial projects during the four years of the incumbent administration (started August 2013).

EghtesadOnline: The Bank of Industry and Mine is currently negotiating with three foreign banks to attract funds for Iranian projects, the bank’s chief executive said.