Egtesad

Egtesad, also known as the "Economic Development Bank of Iran," is a state-owned financial institution in Iran. Established in 1960, it plays a significant role in the country's economic development and infrastructure projects. Egtesad is primarily focused on financing large-scale projects, including industrial development, infrastructure, and housing. It offers a range of financial products and services, such as loans, guarantees, and investment services, to both domestic and international clients.

The bank is governed by the Ministry of Economic Affairs and Finance and operates under the supervision of the Central Bank of Iran. Egtesad's activities are guided by the country's economic policies and strategic plans, aiming to support Iran's economic growth and development. The bank has been involved in various high-profile projects, such as the construction of highways, railways, and industrial complexes, as well as the development of renewable energy sources.

Egtesad's financial stability and performance are closely monitored by international rating agencies and financial institutions. The bank has maintained a strong credit rating, reflecting its ability to manage risks and fulfill its financial obligations. Egtesad's operations are subject to regulatory requirements and compliance with international financial standards, ensuring transparency and accountability in its activities.

In summary, Egtesad is a crucial player in Iran's economic landscape, contributing to the country's infrastructure development and industrial growth. Its activities are aligned with the national economic strategy, and it operates within a robust regulatory framework to ensure financial stability and transparency.