BAKU, Azerbaijan, September 16. The housing and construction sectors of Iran received loans totaling 557 trillion rials (about $13.2 billion) from Iranian banks in the first four months of the current Iranian year (March 21 through July 22, 2023), Trend reports.
The loans were allocated for various purposes in the housing and construction sector, such as:
- Construction work: approximately 362 trillion rials (about $8.6 billion);
- Working capital: approximately 164 trillion rials (about $3.9 billion);
- Development work: 21 trillion rials (about $501 million);
- Purchase of housing: 8.64 trillion rials (about $205 million);
- Repair work: 721 billion rials (about $17 million)
- Purchase of personal assets: 489 billion rials (about $11.6 million);
- Self-employment: 373 billion rials (about $8.8 million).
In total, the Iranian banks issued loans worth 11.2 quadrillion rials (about $267 billion) in various economic sectors within the first 4 months of the current Iranian year.
---
Follow the author on X (Twitter):@BaghishovElnur
