BAKU, Azerbaijan, March 11. Iranian banks have significantly increased their credit allocation to the trade sector in the 11 months of the current Iranian year (from March 20, 2024, through February 18, 2025) by 32.6 percent compared to the same period last year (from March 21, 2023, through February 19, 2024).
Data obtained by Trend from the Central Bank of Iran indicates that Iranian banks extended a total of around 5.2 quadrillion rials (about $8.99 billion) in loans to the trade sector during the 11 months of the current Iranian year, a sharp increase from last year’s figure of 3.92 quadrillion rials (about $6.78 billion).
The statistics also indicate that in this period, 4.5 quadrillion rials (about $7.78 billion) were provided as working capital loans for the trade sector.
In addition, banks issued 402 trillion rials (about $695 million) to create business opportunities and 272 trillion rials (about $470 million) for business development.
Further detailed in the statistics, loans for the purchase of personal goods amounted to 9.8 trillion rials (about $16.9 million), while 9.84 trillion rials (about $17 million) were dedicated to self-employment initiatives. Additionally, loans for repairs totaled 5.3 trillion rials (about $9.16 million), and 704 billion rials (about $1.2 million) were allocated for housing purchases.
Iranian banks issued loans worth about 48.5 quadrillion rials (about $84.7 billion) during 11 months of the current Iranian year, representing growth of 24.7 percent compared to the same period last year.
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