BAKU, Azerbaijan, July 23. Loans granted by Iranian banks in the service sector elevated by 27.2 percent during the three months of the current Iranian year (from March 21 through June 21, 2025) compared to the same period last year (from March 20 through June 20, 2024).
The data obtained by Trend from the country's Central Bank (CBI) shows that in the reporting period, Iranian banks granted loans worth 4.72 quadrillion rials (about $8.16 billion) in the service sector versus 3.71 quadrillion rials (about $6.4 billion) in the same period last year.
In the first three months, loans granted as working capital in the service sector of Iran amounted to 3.58 quadrillion rials (about $6.2 billion).
Over this period, Iranian banks provided loans worth approximately 861 trillion rials (nearly $1.49 billion) for the establishment of enterprises and facilities in the service sector.
Meanwhile, loans worth 149 trillion rials (approximately $258 million) were provided for the development of the service sector, and 59.3 trillion rials (about $102 million) of consumer loans.
Moreover, during the reporting period, Iranian banks provided loans worth 38.3 trillion rials (approximately $66.2 million) for self-employment in the service sector, 22.7 trillion rials (approximately $39.3 million) for the implementation of necessary work, 7.2 trillion rials (approximately $12.4 million) for renovation work, and 1.94 trillion rials (approximately $3.35 million) for housing.
Overall, in the first three months of this year, banks and financial institutions in Iran issued loans worth approximately 13.5 quadrillion rials (circa $23.4 billion) in various sectors. Loans issued in the first three months of this year rose by 41.3 percent compared to the same period last year.
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