BAKU, Azerbaijan, September 13. The Iranian banks issued loans worth 11.2 quadrillion rials (about $267 billion) in various economic sectors in the country during the first four months of the current Iranian year (March 21 through July 22, 2023), Trend reports.
During the specified time frame, the country’s banks lent approximately 677 trillion rials (about $16.1 billion) in the agriculture sector, as was reflected in the report of the Central Bank of Iran.
Also, banks gave loans totaling 4.32 quadrillion rials (about $103 billion) to Iran's industrial and mining sectors in four months.
In addition, banks granted around 557 trillion rials (about $13.2 billion) to Iran's housing and construction sectors over a four-month period.
At the same time, loans worth around 1.22 quadrillion rials (about $28.9 billion) were provided in the country’s trade sector.
Moreover, 4.45 quadrillion rials (about $106 billion) worth of loans were issued in the services sector and 1.9 trillion rials (about $45 million) in other unmentioned areas for four months.
As reported, the loans are provided for the establishment of enterprises and facilities, such as working capital, repair work, development, the purchase of personal assets, the purchase of apartments, etc.
---
Follow the author on X (Twitter): @BaghishovElnur
