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Bank Sepah Reaffirms Commitment to Financing Mega Petchem Projects

Bank Sepah Reaffirms Commitment to Financing Mega Petchem Projects
(Saturday, May 3, 2025) 08:53

TEHRAN (NIPNA) – Bank Sepah, one of Iran’s largest state-owned lenders, is prioritizing support for major petrochemical projects as part of its broader strategy to bolster national infrastructure and economic development, its CEO said on Friday.

Ayatollah Ebrahimi, CEO of Bank Sepah, said the bank has a strong track record of backing large-scale, strategic projects in the energy and petrochemical sectors, highlighting its involvement in landmark ventures such as the Persian Gulf Refinery, Bidboland Gas Refinery, and Lordegan Petrochemical Plant.

“These investments are among the country’s most significant national projects,” Ebrahimi told NIPNA on the sidelines of the 7th Iran Expo.

He added that the bank’s support has consistently targeted projects aligned with the Islamic Republic’s strategic priorities, particularly those focused on export growth. “Strengthening the financial infrastructure of the petrochemical industry plays a vital role in job creation and generating hard currency,” he said.

Ebrahimi stressed that supporting foundational industries like petrochemicals is central to Bank Sepah’s agenda, in line with the government’s broader economic policies and the national slogan of the year.

“Our goal is to enhance investment and support domestic production through structured, goal-oriented financing,” he said, reaffirming the bank’s commitment to empowering key economic sectors.

 


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