Some banks are not interested in production

Some banks are not interested in production
  • 2016-06-08
  • .
Chairman of the Board of Mining Companies at Dukoha Mining Company: Many of our banks do not like production, and instead of stepping up production, they are in the business of branding and profiting.

According to the International Stone Exhibition of Iran, Esmaeil Moradi, chief executive officer of Dukohe Mining Company, in an exclusive interview with the Iranian Stone News Agency stated: There is a severe downturn in the country's stone industry as well as other industries and if the market does not open for several months And if this recession is not resolved, many manufacturing units will definitely go bankrupt.

He added: "Given the heavy downturn in the industry, some banks treat the industry as very cowardly and far from fair."

He said: Usually when production units are in trouble, the rule is for banks to help producers and help them in these situations, but unfortunately it is not.

"Many of our banks do not like production, and instead of stepping into production, they are in the business of branding and profiting," said Dukohe Mining CEO. Production was considered.

In developed countries, when the manufacturing plants are in recession, banks come to their aid and continue to do whatever they can to revive the production unit, as long as their financial capability allows, Moradi said. .

He added: In Iran, as soon as the production unit is in trouble, first the delays of the production unit will be calculated and after a while the necessary steps will be taken to get the loan and the delay and execute all the borrowings the bank has received. .

He noted: Regarding the Czech law, unfortunately, some of our banks have not taken any responsibility for the checks they issue, and the treatment of the Czech offenders is not sufficiently deterrent, because if so We didn't have that many checks every year.