BAKU, Azerbaijan, January 7. The loans extended by Iranian banks in the industrial and mining sectors increased by 26.3 percent during the nine months of the current Iranian year (from March 20 through December 20, 2024) compared to the same period last year (from March 21 through December 21, 2023).
The data obtained by Trend from the country's Central Bank shows that Iranian banks issued loans in the industrial and mining sectors amounting to about 14.4 quadrillion rials (about $25.1 billion) during the nine months.
Meanwhile, in the same period last year, Iranian banks extended loans worth 11.4 quadrillion rials (about $19.8 billion) in the industrial and mining sectors.
Moreover, these sectors extended working capital loans worth roughly 12.2 quadrillion rials, or $21.3 billion.
According to the statistics, loans worth about 1.55 quadrillion rials (about $2.7 billion) were issued for the establishment of enterprises in the industrial and mining sectors during the mentioned period.
The statistics add that loans worth 530 trillion rials (about $924 million) were issued for the development of the industrial and mining sectors during the nine months.
The data shows that Iran's industrial and mining sectors issued loans totaling 38.3 trillion rials (about $66.7 million) for self-employment and 51.9 trillion rials (about $90.4 million) for consumer credit during the specified period.
Furthermore, the information indicates that these sectors received loans totaling 6.62 trillion rials (roughly $15.9 million) for renovation projects and 4.46 trillion rials (roughly $7.77 million) for housing purchases.
To note, Iranian banks issued loans worth about 37.5 quadrillion rials (about $65.3 billion) during nine months of the current Iranian year. Iranian banks increased their loan extension by 18.3 percent during the nine months compared to the same period last year.