BAKU, Azerbaijan, July 16. The loans extended by Iranian banks in the trade sector increased by 27 percent during the three months of the current Iranian year (from March 20 through June 20, 2024) compared to the same period of last year (from March 21 through June 21, 2023), the statistics of Iran's Central Bank said, Trend reports.
The statistics noted that during the first three months of the current Iranian year, Iranian banks issued loans amounting to 1.08 quadrillion rials (about $2.76 billion) in the trade sector. In the same period last year, the figure stood at about 850 trillion rials (about $2.17 billion).
About 941 trillion rials (about $2.4 billion) worth of loans were issued as working capital in the trade sector during the three months.
According to the statistics, during the three months, loans worth 75.9 trillion rials (about $194 million) were issued in connection with the establishment of enterprises and other opportunities, and 61.8 trillion rials (about $158 million) in connection with the development of enterprises in the trade sector.
The information indicates that 1.54 trillion rials (about $3.93 million) were granted for self-employment and 1.17 trillion rials (about $3 million) for consumer loans.
During the mentioned period, Iranian banks issued loans worth 908 billion rials (about $2.32 million) for renovation works and 31 billion rials (about $738,000) for the purchase of housing in the trade sector.
Iranian banks extended loans worth 9.55 quadrillion rials (about $24.4 billion) during 3 months of the current Iranian year (from March 20 through June 20, 2024). Loans granted by Iranian banks increased by 21.7 percent during the three months compared to the same period of the last Iranian year (from March 21 through June 21, 2023).
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