BAKU, Azerbaijan, September 20. Loans extended by Iranian banks to the housing and construction sector fell by 18.4 percent during the five months of the current Iranian year (from March 21 through August 22, 2025) compared to the same period last year (from March 20 through August 21, 2024).
Data obtained by Trend from the Central Bank (CBI) indicates that banks provided 791 trillion rials (about $1.37 billion) in credit to the sector during the mentioned period, down from 971 trillion rials (about $1.69 billion) compared to the same period last year.
The statistics show that around 339 trillion rials (about $590 million) of this were allocated for working capital, while construction projects received about 400 trillion rials (about $696 million) in loans.
Additional breakdown shows 23 trillion rials (about $40 million) went to home purchases, 23.4 trillion rials (about $40.7 million) to development projects, and 1.7 trillion rials (about $2.9 million) for self-employment initiatives. Consumer loans and loans for renovation work amounted to 363 billion rials (approximately $631,000) and 777 billion rials (approximately $1.35 million), respectively.
Overall, Iranian banks and financial institutions issued 24.4 quadrillion rials (about $42.4 billion) in credit across all sectors in the first five months, reflecting a 40.6 percent increase compared to the same period last year.
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