BAKU, Azerbaijan, February 17. Iranian banks provided loans amounting to around 12.8 quadrillion rials (about $304 billion) in the industrial and mining sectors of the country for the first ten months of the current Iranian year (March 21, 2023 through January 20, 2024), 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: 10.4 quadrillion rials (about $248 billion);
- Establishment of enterprises: 1.51 quadrillion rials (about $36 billion);
- Development work: about 689 trillion rials (about $16.4 billion);
- Self-employment: around 67 trillion rials (about $1.6 billion);
- Purchase of housing: 38.6 trillion rials (about $919 million);
- Purchase of personal assets: 34.9 trillion rials (about $831 million);
- Repair work: 8 trillion rials (about $190 million).
In total, the Iranian banks lent approximately 35.1 quadrillion rials (about $835 billion) in various economic sectors within the first 10 months of the current Iranian year.
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