BAKU, Azerbaijan, March 14. Iranian banks extended loans in the services sector amounting to about 15.8 quadrillion rials (about $375 billion) during the first 11 months of the current Iranian year (from March 21, 2023 through February 19, 2024), the statistics of Iran's Central Bank said, Trend reports.
Statistics indicate that during 11 months, Iran's service sector extended loans worth 11.6 quadrillion rials (about $277 billion) as working capital.
The information shows that Iranian banks extended loans worth about 2.98 quadrillion rials (about $70.9 billion) in 11 months to establish businesses and facilities in the service sector.
According to the statistics, about 800 trillion rials (about $19 billion) worth of loans were granted in the service sector for development and 205 trillion rials (about $4.88 billion) for self-employment.
The report notes that during the mentioned period, Iranian banks extended loans worth 87.7 trillion rials (about $2.09 billion) for the purchase of personal goods in the service sector, about 29 trillion rials (about $695 million) for housing purchases, and 12.4 trillion rials (about $295 million) for renovation works.
To note, Iranian banks issued loans worth about 38.9 quadrillion rials (about $925 billion) during the first 11 months of the current Iranian year.
Stay up-to-date with more news on Trend News Agency's WhatsApp channel
