BAKU, Azerbaijan, September 29. Credit provided by Iranian banks to startup companies surged during the first five months of the current Iranian year (from March 21 through August 22, 2025), increasing by 61.7 percent compared to the same period last year (from March 20 through August 21, 2024).
Data obtained by Trend from the Central Bank of Iran (CBI) indicates that Iranian banks extended credit to 1,783 startup companies totaling around 2.06 quadrillion rials (about $3.5 billion) during this period. In the same period last year, 1,829 startups received 1.27 quadrillion rials (about $2.17 billion) in financing.
State-owned financial institutions extended credit totaling 278 trillion rials (approximately $473 million), reflecting a robust 33.1 percent uptick compared to the preceding fiscal year. Non-state banking institutions disbursed approximately 1.78 quadrillion rials (equivalent to about $3.03 billion), reflecting a substantial year-on-year growth rate of 67.4 percent.
To note, a total of 2,922 startup companies received 3.94 quadrillion rials (about $6.97 billion) in credit in the previous Iranian year (from March 20, 2024, through March 20, 2025), reflecting a 46.2 percent increase over the prior year (from March 21, 2023, through March 19, 2024).
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