BAKU, Azerbaijan, September 19. Iran’s industrial and mining sectors received loans amounting to 4.32 quadrillion rials (about $103 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 industrial and mining sector, such as:
- Working capital: 3.54 quadrillion rials (about $84.4 billion);
- Establishment of enterprises: approximately 584 trillion rials (about $13.9 billion);
- Development work: 148 trillion rials (about $3.52 billion);
- Purchase of housing: 22.4 trillion rials (about $534 million);
- Purchase of personal assets: 15.8 trillion rials (about $378 million);
- Self-employment: 6.8 trillion rials ($162 million);
- Repair work: 3.75 trillion rials (about $89.3 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.
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