Highlighting the bank’s strong collaboration with the petrochemical
sector, Akhlaqi expressed commitment to supporting the industry's value
creation initiatives. "We aim to work across all facets of this vital
sector, fostering cooperation with NPC to ensure sustainable growth," he
said.
Akhlaqi emphasized the success of credit-based offerings, which have
facilitated downstream petrochemical activities. “Our goal is to extend
credit-based feedstock supplies from upstream sectors to petrochemical
complexes in the near future,” he said.
He acknowledged liquidity challenges faced by various industries,
underscoring the importance of innovative banking practices to remove
production barriers. “By leveraging all available capacities and modern banking
systems, we can play a pivotal role in accelerating the nation’s industrial
growth and development,” Akhlaqi added.
The CEO also highlighted the recent launch of an electronic bill of
exchange system for supply chain financing in Arvand Petrochemical Company.
This digital platform simplifies credit-based purchases for customers and
represents a first for Iran’s banking sector.
"Negotiations are underway to expand the use of electronic bills
of exchange across additional petrochemical complexes," Akhlaqi said,
noting that talks with Laleh Petrochemical are nearing completion.
With partnerships involving the Ministry of Oil, subsidiary companies,
the Iran Mercantile Exchange, and other stakeholders, Bank Tejarat is committed
to fostering a balanced and thriving petrochemical industry, Akhlaqi concluded.