The two sides explored avenues for broadening and exploring bilateral ties.
In this get-together meeting, CEO of TEJARAT BANK Reza Dolatabadi pointed to the long history of cooperation of TEJARAT BANK with the Ministry of Oil and its subsidiary companies and placed special emphasis on expanding and diversifying the services provided to the oil and energy sector of the country.
Turning to some of special services of the bank presented to the Ministry of Oil and its subsidiary companies, he said, “Achieving financial solutions and implementing large-scale oil projects is one of the major concerns of the Ministry of Oil and its subsidiary companies and TEJARAT BANK has always tried to provide constructive proposals and solutions in the long years of its cooperation with oil and energy sector of the country.”
Elsewhere in his remarks, Dolatabadi pointed to the recent cooperation of the bank with the National Iranian Oil Company (NIOC) with regard to design a new model for financing projects of this company and said: “After holing several expert-level meetings, corporate financial and banking department at TEJARAT BANK in cooperation with the National Iranian Oil Company (NIOC) managed to design a new method for financing projects of oil industry of the country purposefully.”
Given the above issue, expert officials at TEJARAT BANK and National Iranian Oil Company designed a new method to finance oil projects with a collective wisdom.
At the unspring support of the respected Minister of Economic Affairs and Finance (MEAF) and Governor of Central Bank of Iran (CBI), implementation of oil projects in the country can help boom and improve goods, services, labor and capital markets as well as reduce inflammations at the money and currency markets.
In conclusion, CEO of TEJARAT BANK expressed his hope that the bank will make all its utmost efforts in line with materializing objectives of the Ministry of Oil in financing oil and energy projects in the country.
For his part, Mahmoud Bilkar Financial Manager of the National Iranian Oil Company (NIOC) said: “TEJARAT BANK is considered as a member of great family of the Oil Ministry.”
Oil projects play an important role in the economic situation of the country and implementation of development projects as well, he said, adding: “Development of bilateral cooperation between the National Iranian Oil Company (NIOC) and TEJARAT BANK will help improve pertinent goals.”
To conclude his remarks, he expressed his special thanks to the senior chief executive of the bank in financing oil and energy projects in the country.
Following up Memoranda of Understanding (MoUs) inked previously and promoting bilateral cooperation are of the other cases that were put forward in the expert-level meeting.