BAKU, Azerbaijan, May 26. Banks in Iran issued loans worth 86.7 trillion rials (about $2.06 billion) in the housing and construction sector, during the 1st month of the current Iranian year (March 21 through April 20, 2022) Trend reports via the statistics of the Central Bank of Iran (CBI).
According to statistics, about 30.8 trillion rials (about $734 million) worth of loans were issued for construction work in the housing and construction sector within the 1st month.
In addition, Iranian banks issued loans worth 52 trillion rials (about $1.2 billion) as working capital in this sector for the reporting month.
Over the 1st month, 3.7 trillion rials (about $88 million) worth of loans were issued for development work in the housing and construction sector, as well as 189 billion rials ($4.5 million) for self-employment.
Furthermore, Iranian banks issued loans worth 59 billion rials (about $1.4 million) for the purchase of housings in the housing and construction sector, and 7 billion rials (about $166,000) for repair work.
In total, the Iranian banks issued loans worth about 1.43 quadrillion rials (about $34 billion) in various economic sectors for the first month.
The figure stood at 265 trillion rials (about $6.32 billion) in the same month of last Iranian year
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