BAKU, Azerbaijan, July 13. The loans extended by Iranian banks increased by 21.7 percent during the 3 months of the current Iranian year (from March 20 through June 20, 2024) compared to the same period of last year (March 21 through June 21, 2023), the statistics of Iran's Central bank shows, Trend reports.
According to the statistics, Iranian banks issued loans worth 9.55 quadrillion rials (about $24.4 billion) during the 3 months. However, in the same period last year, the loan was worth a pretty penny, coming in at around $20 billion.
Iranian banks extended loans worth 3.71 quadrillion rials (about $9.47 billion) in the service sector during the 3 months.
Furthermore, the information notes that Iranian banks extended loans worth 3.64 quadrillion rials (about $9.28 billion) in the industrial and mining sectors during the 3-month period.
The statistics indicate that during the mentioned period, Iranian banks issued loans worth 1.08 quadrillion rials (about $2.76 billion) in the commercial sector.
Moreover, 592 trillion rials (about $1.51 billion) worth of loans were issued by Iranian banks in the housing and construction sectors.
Meanwhile, Iranian banks issued loans worth 504 trillion rials (about $1.29 billion) in the agricultural sector during 3 months.
The information notes that in other unspecified areas, loans worth 29.3 trillion rials (about $74.7 million) have been granted.
Iran credits are granted for the establishment of enterprises and facilities, working capital, repair works, development, consumer loans, purchase of apartments, etc.
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