BAKU, Azerbaijan, March 16
Trend:
The Iranian banks issued loans worth about 25.4 quadrillion rials (about $606 billion) in various economic sectors in the country, during the first 11 months of the current Iranian year (from March 21, 2021, through February 19, 2022), Trend reports via the statistics of Central Bank of Iran (CBI).
Meanwhile, in the same period of the Iranian year, the figure stood at about 9 quadrillion rials (about $215 billion).
"So, the banks issued about 1.76 quadrillion rials (about $42 billion) worth of loans in the agricultural sector within the mentioned period," the statistics said.
Moreover, the banks issued loans worth about 7.76 quadrillion rials (about $185 billion) in Iran's industrial and mining sectors over 11 months.
According to the statistics, the banks also issued loans worth about 1.45 quadrillion rials (about $34.4 billion) in Iran's housing and construction sector during the reporting period.
Furthermore, the Iranian banks issued loans worth 3.9 quadrillion rials (about $92.7 billion) in the trade sector for 11 months.
At the same time, about 10.5 quadrillion rials (about $251 billion) worth of loans were issued in the services sector and 10.7 trillion rials (about $255 million) in other unmentioned areas over the first 11 months of the current Iranian year, the statistics said.
According to the statistics, the loans are provided for the establishment of enterprises and facilities, as working capital, repair work, development, purchase of personal assets, purchase of apartments, and so on.
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