BAKU, Azerbaijan, July 1. Iran's bank loans issued to the country's housing and construction sector fell by 33.6 percent during the first two months of the current Iranian year (from March 21 through May 21, 2025), compared to the same period last year (from March 20 through May 20, 2024).
Data obtained by Trend from the Central Bank (CBI) indicates that Iranian banks extended loans totaling 252 trillion rials (about $420 million) to the housing and construction sector. This marks a decline from the same period last year, when loans in the sector reached 380 trillion rials (about $633 million).
The report notes that out of the total loans, about 124 trillion rials (about $206 million) were allocated for working capital and 118 trillion rials (about $197 million) for construction activities. Additionally, approximately 5.91 trillion rials (about $9.85 million) went toward development, while nearly 548 billion rials (about $912,000) supported self-employment in housing.
The statistics further reveal that over the two months, Iranian banks issued loans totaling 159 billion rials (about $265,000) for renovation projects in the housing and construction sector, and 130 billion rials (about $216,000) for the purchase of personal vehicles.
Meanwhile, during the same period, banks and financial institutions across Iran granted loans worth approximately 8.5 quadrillion rials (about $13.7 billion) across various sectors, representing a 48.3 percent increase compared to the same timeframe last year.
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