The announcement follows a high-level meeting held at Arvand’s headquarters, attended by board member Mr. Salimi, Deputy CEO Mr. Behzadi, CFO Mr. Alizadeh, and the CEO of Tejarat Bank.
The discussions focused on leveraging modern banking instruments such as electronic promissory notes, letters of credit (LCs), and both local and foreign currency services.
Salimi highlighted Arvand’s leadership in adopting innovative financial tools within Iran’s petrochemical sector. “As the first petrochemical company in the country to operationalize tools like electronic promissory notes, Arvand has taken major steps towards enhancing transparency, speed, and efficiency in its financial processes. These achievements have been made possible through close cooperation with Tejarat Bank,” he said.
Deputy CEO Behzadi underscored the strategic importance of sustained banking support in Arvand’s developmental and export plans, noting the company’s critical role in the national PVC value chain.
CFO Alizadeh emphasized the need for close collaboration between the financial teams of both organizations to overcome ongoing challenges. “A targeted partnership with Tejarat Bank can significantly boost resource efficiency and help expedite project implementation,” he said.
Both parties agreed to continue technical consultations and draft joint programs to maximize financial synergy going forward.