BAKU, Azerbaijan, May 7. Loans provided by Iranian banks to the housing and construction sector decreased by nearly 29.7 percent in the first month of the current Iranian year (from March 21 through April 20, 2025) compared to the same period last year (from March 20 through April 19, 2024).
Data obtained by Trend from the Central Bank of Iran indicates that the total amount of credit given by banks to this sector amounted to around 111 trillion rials (about $199 million). In the same month of the previous year, Iranian banks had issued loans worth 158 trillion rials (about $3.77 billion) for the housing and construction sector.
The statistics also reveal that, within this period, Iranian banks provided around 72.4 trillion rials (about $130 million) in working capital for the housing and construction sector.
Moreover, loans worth 35.9 trillion rials (about $64.7 million) were allocated for construction activities. Additional loans included 1.85 trillion rials (about $3.33 million) for development projects and 184 billion rials (about $331,000) for housing self-employment initiatives.
Furthermore, Iranian banks also provided loans of 84 billion rials (about $151,000) for personal vehicle purchases and 21 billion rials (about $37,800) for renovation projects in the housing and construction sector.
In total, banks and financial institutions in Iran issued loans worth approximately 3.31 quadrillion rials (about $6.09 billion) across various sectors, marking a 61.4 percent increase compared to the same period last year.
-------
Follow the author on X: @BaghishovElnur
