BAKU, Azerbaijan, September 20. The Iranian banks issued loans worth 14.7 quadrillion rials (about $350 billion) in various economic sectors in the country during the first five months of the current Iranian year (March 21 through August 22, 2023), Trend reports.
According to the data of the Central Bank of Iran, the country’s banks lent approximately 887 trillion rials (about $21.1 billion) in the agriculture sector within the specified time frame.
At the same time, Iranian banks provided loans amounting to 5.71 quadrillion rials (about $136 billion) to Iran's industrial and mining sectors in five months.
Also, the banks issued loans worth 788 trillion rials (about $18.7 billion) to Iran's housing and construction sectors over a five-month period.
Furthermore, loans worth 1.57 quadrillion rials (about $37.5 billion) were provided in the country’s trade sector during the past five months.
Over 5 months, 5.74 quadrillion rials (about $137 billion) worth of loans were issued in the services sector and around 2.63 trillion rials (about $62.7 million) in other unmentioned areas.
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.
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