BAKU, Azerbaijan, January 11. The overall value of loans granted by Iranian banks to local start-up companies grew by 89.4 percent in the 9th month of the current Iranian year (November 22 through December 21, 2023), compared to the same month last year, Trend reports.
During the 9th month, Iranian banks issued loans worth 247 trillion rials (about $5.89 billion) to 752 start-up companies, as indicated in the data from Central Bank of Iran (CBI).
In the same month of the previous Iranian year, the country’s banks provided loans to 636 start-up companies worth approximately 131 trillion rials (about $3.1 billion).
Within the mentioned period, Iranian state banks gave 48 trillion rials (about $1.14 billion) worth of loans to 283 start-up companies, which is 19.4 percent more than 25.8 trillion rials (about $615 million) in the same month last year.
Meanwhile, Iran's private banks lent 199 trillion rials (about $4.74 billion) to 469 startup companies for the 9th month, showing an increase of 80.6 percent compared to 105 trillion rials (about $2.49 billion) in the same month last year.
The Iranian government is focusing on providing loans to start-up companies in various fields, including energy, agriculture and industry, in order to benefit more from their potential.
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