BAKU, Azerbaijan, May 16. Iranian banks issued loans worth 733 trillion rials (about $17.5 billion) in the industrial and mining sectors in the first month of the current Iranian year (from March 20 through April 20, 2024), the statistics of Iran's Central Bank said, Trend reports.
The statistics indicate that loans worth 653 trillion rials (around $15.6 billion) were issued as working capital in the first month in these sectors.
According to the statistics, loans worth about 55.5 trillion rials (around $1.32 billion) were issued for the establishment of enterprises in the industrial and mining sectors in the mentioned period.
The information notes that loans worth 20.9 trillion rials (around $499 million) were issued last year for the development of the industrial and mining sectors.
Meanwhile, the information shows that during the mentioned period, loans worth 1.27 trillion rials (around 30 million) were issued in Iran's industrial and mining sectors for the purchase of personal assets and 1.18 trillion rials (around $28 million) for self-employment.
Moreover, the statistics show that these sectors disbursed 826 billion rials (around $19.6 million) for renovation works and 230 billion rials (around $5.47 million) for housing.
To note, Iranian banks issued loans worth 2.05 quadrillion rials (around $48.9 billion) in the first month of the current year.
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