BAKU, Azerbaijan, March 3. The value of loans provided by Iranian banks to startup companies has risen by 46.9 percent during the 11 months of the current Iranian year (from March 20, 2024, through February 18, 2025) compared to the same period last year (from March 21, 2023, through February 19, 2024).
Data obtained by Trend from the country's Central Bank indicates that 2,732 startup companies in Iran received a total of 3.36 quadrillion rials (about $5.8 billion) in loans during the mentioned period.
Meanwhile, Iranian banks granted credit to 830 startup companies, totaling around 447 trillion rials (about $775 million) in the 11th month (from January 20 through February 18, 2025). This marks a 75.1 percent increase compared to the same month last year (from January 21, through February 19, 2024).
The Iranian government is focusing on providing loans to start-ups in various fields, including energy, agriculture, and industry, to further unleash their potential.
Iranian banks issued loans worth about 42.9 quadrillion rials (about $74.9 billion) during the ten months of the current Iranian year. The loans extended by Iranian banks increased by 18.3 percent in eight months compared to the same period last year.
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