Iran's stock exchange market is now valuing 60 billion dollars from which only 900 million dollars is the share of agricultural products, said Mr. Talebi the CEO of Keshavarzi bank.
He also noted: agricultural access to the financial resource is very narrow and limited and only some 1.8% of bank loans have gone to this part of our economy. This amount is negligible when we consider the 6% figure of investment on converting industries. Iran's total production observes 13% share for agriculture and 36% of our non-oil export comes from this part. Out of 37 million hectares cultivatable farm, 102 million hectares of fine jungles, 130 billion cube meters of fresh water, we are only using 40% showing unknown nature of agriculture. The government is being really supportive and sometimes they inject 50% of the financial resources. The rate of interest for banking loan is the least for agricultural aims and insurance coverage in vast indeed.
Iran's insurance industry values 2.5 billion Tomans from which 500 billion Tomans is related to farms and gardens. Each year's average crop reaches 100 million tons but to the end of the 5th development plan, the foreign is planned to reach 300 million tons per Annam. Globally, food industry is the 4th beneficial industry and most of investors choose this industry for their capital. Keshavarzi bank hereby announces their readiness to absorb any sort of capital. Internal or external and their effort to get the needed permissions to enter stock exchange market of Iran. |