BAKU, Azerbaijan, November 4. The loan extended by Iranian banks increased by 19.4 percent during the seven months of the current Iranian year (from March 20 through October 21, 2024) compared to the same period of last year (from March 21 through October 22, 2023).
Data obtained by Trend from the statistics of Iran's Central Bank indicates that Iranian banks issued loans worth about 28.3 quadrillion rials (about $63.9 billion) in various sectors during the five months. At the same time, the value of credit issued in the same period last year totaled 23.7 quadrillion rials (about $53.5 billion).
Furthermore, the statistics add that Iranian banks issued loans worth 11.5 quadrillion rials (about $26 billion) in the industrial and mining sectors during the seven months.
Meanwhile, Iranian banks issued loans worth 10.8 quadrillion rials (about $24.3 billion) in the mining sector during the reporting period.
The information notes that Iranian banks granted loans worth 2.9 quadrillion rials (about $6.64 billion) in the trade sector during the mentioned period.
However, the statistics indicate that Iranian banks extended loans worth 1.53 quadrillion rials (about $3.46 billion) in the agricultural sector.
Moreover, the statistics show that Iranian banks extended loans worth about 1.47 quadrillion rials (about $3.32 billion) in the housing and construction sectors.
Also, statistics state that in other unspecified areas, loans worth 42.6 trillion rials (about $96.2 million) have been granted.
