BAKU, Azerbaijan, September 27. Iranian banks provided 5.71 quadrillion rials (about $136 billion) in loans in the industrial and mining sectors of the country for the first five months of the current Iranian year (March 21 through August 22, 2023), Trend reports.
The loans were allocated for various purposes in the services sector, such as:
- Working capital: approximately 4.75 quadrillion rials (about $113 billion);
- Establishment of enterprises: 679 trillion rials (about $16.1 billion);
- Development work: 226 trillion rials (about $5.39 billion);
- Purchase of housing: 25.1 trillion rials (about $599 million);
- Purchase of personal assets: 18.6 trillion rials (about $443 million);
- Self-employment: 10 trillion rials ($238 million);
- Repair work: 3.94 trillion rials (about $93.7 million).
In total, the Iranian banks issued loans worth 14.7 quadrillion rials (about $350 billion) in various economic sectors within the first 5 months of the current Iranian year.
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