BAKU, Azerbaijan, March 13. The volume of loans provided by Iranian banks to startup companies in the 11th month of the current Iranian year (January 21 through February 19, 2024) increased by 73.8 percent compared to the same month of last year, the statistics of Iran's Central Bank said, Trend reports.
According to the statistics, in the 11th month, 852 startups in Iran were granted loans worth 255 trillion rials (about $6.07 billion). The value of credit extended to 560 startups in the same month last year was about 147 trillion rials (about $3.49 billion).
Statistics indicate that in the 11th month, Iran's state-owned banks extended loans to 276 startups worth about 36.2 trillion rials (about $862 million). This is 52 percent more than the same month last year. The value of state-owned banks' loans amounted to 23.8 trillion rials (about T$567 million) in the same month last year.
Information notes that non-state banks in Iran lent 576 startups about 219 trillion rials (about $5.21 billion) in the 11th month. This is a 78 percent increase compared to the same period last year. During the same period last year, non-state banks lent about 123 trillion rials (about $2.93 billion) to startups.
To note, the Iranian government is focusing on providing loans to these companies to maximize the potential of startups in various fields, including energy, agriculture, and industry.
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