BAKU, Azerbaijan, April 20. Iranian banks extended loans worth 16.7 quadrillion rials (about $398 billion) in the industrial and mining sectors in the last Iranian year (from March 21, 2023 through March 19, 2024), the statistics of Iran's Central Bank said, Trend reports.
According to the statistics, loans worth 13.7 quadrillion rials (about $327 billion) were issued last year as working capital in these sectors in Iran.
Information indicates that about 2 quadrillion rials (about $47.6 billion) worth of loans were issued for the establishment of enterprises in the industrial and mining sectors during the mentioned period.
The statistics add that about 840 trillion rials (about $20 billion) worth of loans were issued last year in connection with the development of the industrial and mining sectors.
Additionally, the statistics noted that during the mentioned period, Iran's industrial and mining sectors granted loans worth 92.3 trillion rials (about $2.2 billion) for self-employment and 39.1 trillion rials (about $931 million) for housing purchases.
Meanwhile, these sectors provided loans worth 41.4 trillion rials (about $998 million) for the purchase of personal assets and 5.58 trillion rials (about 133 million dollars) for renovations.
To note, Iranian banks issued loans worth 46.1 quadrillion rials (about $1.01 trillion) last year.
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