Competition

 

 

Free trade zones were established to promote exports, attract foreign investments, reduce import costs and create job opportunities. In line with these national objectives, Bank Saderat Iran established an independent supervisory division in 2004 to operate and coordinate branches in free zones. This division reports to the International Affair Department of BSI.

The FTZ Supervisory Division operates 13 branches and 10 sub- branches in the free trade zones of Kish, Qeshm, Chabahar and Jolfa. The operation of another 6 branches in Anzali (Bandar - Anzali) and Arvand (Khoramshahr - Abadan) free zones will be transferred to this division in the first half of next year. All branches in the free zones are connected to the SEPEHR system and equipped with ATM machines.

Letters of Credit and Bills Loans Granted Resources Fiscal Year
 Bln IRR #  Bln IRR # Bln IRR  

309

448

45%

291

388

33%

25

53

112%

108

228

111%

269

339

26%

2004

2005

Growth