Dr. Shirzad, in a meeting with the new Board of
Directors of the Iranian credit Fund, emphasized on Lending activities and low
interest rate lending avoiding intermediation.
Dr. Hossein Shirzad, Chairman and Managing Director of the Central
Organization of Rural Cooperatives of Iran, Addressing the audience, said: " The truth is we had to enter
into new financial policies and strategies and that the Board should be in
charge of financial efficiency, quality development of forces and Correct
location of branches and evaluation of existing branches with new ones to
maintain equity",he added: "It is necessary to thoroughly review the
efficiency and effectiveness of the branches. If the financial performance and
productivity of the workforce is positive, the staffing activity will be
effective. Avoid customized and inefficient human resources in order to
streamline the workforce, and use specialized and competent workforce."
added: It is necessary to thoroughly review the efficiency and effectiveness of
your branches. If the financial
performance and productivity of the workforce is positive, the staffing
activity will be effective. Avoid customized and inefficient human resources in
order to streamline the workforce, and use specialized and competent
Minister of Agriculture Jihad pointed out that with the use of
"e-banking" capacity, encrypted currencies and blockchain environment
one can avoid the establishment of new branches, stating: You should work on
banking and transactions and work on reducing the expense and lowering the
interest rate on loans. Customer accreditation is on the agenda and if you have
50 reputable and low-risk clients in the agricultural sector, Manpower and administrative
overhead costs are met annually and by increasing the participation of all
Rural Law subsidiaries, increase the fund capital.
Shirzad added: Establish a monitoring and control unit in accordance with
current financial management standards and maintain strict standards of
inspection and supervision of branches, and trade in cash and profitable
products. The organization's policy is to reduce the number of branches and
modify inefficient human resources, move towards formalities of raising
capital, equipping funds, directing investment in contract purchases.
In another part of his remarks, Dr. Shirzad added:
"The fund's strategy should be based on attracting The Wandering Cash in the agricultural sector. Fund to meet the
stock market for broader financing, be active in agreed purchases, and
participate in micro markets (cumin, barberry, jujube) and enter fund raising
procedure .All Rural Subsidiaries and National Unions subsidiaries participate
in restructuring the fund's corporate governance structure.
At the end, shirzad said: "Take advantage of
the huge capacity of the Rural and Agricultural Cooperatives Network( with five
million members)and the fund should try to leverage innovation and creativity
in the electronic space. It is essential that the IMF Board of Directors
provide the Central Bank with regular reports on cash flow, financial
statements and optimal capital adequacy, and that it continues to cooperate
with the Central Bank's oversight system. "