Shahr Bank Backs Urban Infrastructure Development and Investment Growth in West Azerbaijan

The CEO of Shahr Bank and the Governor of West Azerbaijan, at a ceremony signing a joint cooperation memorandum, emphasized developing banking and economic ties aimed at supporting construction projects and urban infrastructure, boosting investment, and leveraging the province's production capacities.

According to Ambassador Arjan, citing Bank Shahr's public relations, in this ceremony, which was held in the presence of the mayor of Urmia and a group of Bank Shahr's deputies and senior managers, strategies for developing joint cooperation in the field of financing urban projects, developing public transportation, supporting production units and expanding banking services in West Azerbaijan province were discussed.

Dr. Seyed Mohammad Mahdi Ahmadi, CEO of Shahr Bank, pointing to the capacities and capabilities of this bank in providing financial and banking services, emphasized the readiness to expand joint cooperation with the administration of the province and the municipalities of various cities in West Azerbaijan.

Also, considering the economic capacities of the province, the CEO of Shahr Bank mentioned expanding interactions with different sectors and providing the basis for economic actors to benefit from banking services and capabilities as one of the axes that can be pursued in joint cooperation.

Governor of West Azarbaijan: The economic capacities of the province are the basis for the expansion of cooperation with Shahr Bank

Reza Rahmani, the governor of West Azarbaijan, also pointed to the position of Bank Shahr in providing banking services and stated: The purpose of signing this memorandum is to strengthen Bank Shahr's activities in the province and develop mutual cooperation by using the economic capacities of West Azerbaijan.

Referring to the activities of large and major companies in the province, he added: the concentration of a part of the accounts and financial interactions of these groups in Bank Shahr can provide the basis for strengthening banking cooperation and benefiting the various economic sectors of the province from the services and facilities of this bank.

Referring to the need to support the production sector, Rahmani pointed out: West Azerbaijan has considerable capacities in various fields, especially agricultural production, mines and some industries, and in this regard, the examination of the economic capabilities of the province with the aim of making more use of the capacities of the city bank and supporting production units is on the agenda.

In the end, the governor of West Azerbaijan also identified the border location of West Azerbaijan as one of the other fields of cooperation with Shahr Bank and said: providing foreign exchange services and other banking services related to border economic activities can help facilitate the activities of economic operators and strengthen commercial interactions in the province.