BAKU, Azerbaijan, February 15. The Bank of Industry and Mine of Iran provided loans worth approximately 29.7 trillion rials (about $706 million) to the country’s start-up companies, during the first 10 months of the current Iranian year (March 21, 2022 through January 20, 2023), CEO of the bank, Ali Khorsandian told IBENA, Trend reports.
The CEO noted that the loans were issued to 121 start-up companies in order to provide working capital and fixed capital.
Khorsandian added that the mentioned loans were provided in oil, gas, petrochemical, metal, auto manufacturing, construction, pharmaceutical, textile and food industries.
“In total, 4,000 people are expected to be provided with jobs by providing the mentioned amount loans,” he said.
Meanwhile, the Bank of Industry and Mine of Iran provided loans worth about 34.3 trillion rials (about $816 million) to 133 local start-up companies over the last Iranian year (March 21, 2021 through March 20, 2022), Khorsandian pointed out.
Generally, the Iranian banks issued loans worth 25 quadrillion rials (about $595 billion) in various economic sectors in the country during the first 9 months of the current Iranian year (March 21, 2022 through December 21, 2022).
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