BAKU, Azerbaijan, October 30. The volume of loans extended by Iranian banks to startups increased by 33 percent for the six months of the current Iranian year (from August 22 through September 21, 2024) compared to the same month of last year (from August 23 through September 22, 2023).
The data obtained by Trend from the Central Bank shows that 755 startups in Iran received loans worth 329 trillion rials (about $738 million) in 6 months. In the same month of last year, the value of loans granted to 747 startups was 248 trillion rials (about $555 million).
Statistics show that Iran's state-owned banks provided loans to 265 startups worth 51.8 trillion rials (about $116 million) in the sixth month. This is 55.4 percent more than the same month last year. In the same month last year, the value of state banks' loans amounted to 33.3 trillion rials (about $74.7 million).
Moreover, statistics note that in the sixth month, non-government banks of Iran lent 277 trillion rials (about $621 million) to 573 startups. This is 29.5 percent more than the same period last year. In the same month last year, non-state banks lent 214 trillion rials (about $480) to startups.
To note, the Iranian government is focusing on providing loans to start-up companies in various fields, including energy, agriculture, and industry, to maximize the benefits of their potential.