BAKU, Azerbaijan, January 14. Iranian banks lent 11.4 quadrillion rials (about $273 billion) in the industrial and mining sectors of the country for the first nine months of the current Iranian year (March 21 through December 21, 2023), Trend reports.
Data of Iran’s Central Bank shows that the loans were allocated for various purposes in the industrial and mining sectors, such as:
- Working capital: about 9.4 quadrillion rials (about $223 billion);
- Establishment of enterprises: 1.36 quadrillion rials (about $32.3 billion);
- Development work: 629 trillion rials (about $15 billion);
- Purchase of housing: 37.9 trillion rials (about $903 million);
- Purchase of personal assets: 31.8 trillion rials (about $758 million);
- Self-employment: around 31 trillion rials ($737 million);
- Repair work: 7.94 trillion rials (about $189 million).
In total, the Iranian banks lent approximately 31.7 quadrillion rials (about $754 billion) in various economic sectors within the first 9 months of the current Iranian year.
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