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22 May 2025 - 10:44
Bank Tejarat to Finance Expansion Projects at BIPC

TEHRAN, May 22 (PGPIC) – Iran’s Bank Tejarat has pledged financial support for development projects at Bandar Imam Petrochemical Company (BIPC) as part of ongoing efforts to strengthen strategic cooperation between the banking and petrochemical sectors, the company said on Wednesday.

Bank Tejarat to Finance Expansion Projects at BIPC

In a joint meeting held between senior executives of BIPC and Bank Tejarat, discussions focused on financing mechanisms for upcoming expansion projects. Both parties underscored the importance of sustained collaboration to achieve shared long-term goals.

The BIPC CEO highlighted the company’s growing portfolio of development projects and described Bank Tejarat’s role in streamlining financial processes as “vital” to advancing national petrochemical objectives.

Meanwhile, the CEO of Bank Tejarat reaffirmed the bank’s full readiness to expand cooperation, citing the financial sector’s capacity to support strategic industries like petrochemicals.

The partnership reflects broader national goals to align banking resources with industrial development, and to foster economic growth through enhanced sectoral synergy.

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