BAKU, Azerbaijan, April 22. Loans provided by Iranian banks to the service sector during the last Iranian year (from March 20, 2024, through March 20, 2025) increased by 22.4 percent compared to the previous year (from March 21, 2023, through March 19, 2024).
The data obtained by Trend from the Central Bank of Iran shows that the country's banks issued 23.5 quadrillion rials (about $41 billion) in loans to the services sector in the reporting period, marking an increase from the previous year's 19.2 quadrillion rials (about $33.5 billion) in the same timeframe.
Last year, nearly 17.9 quadrillion rials (about $31.2 billion) of this loan were allocated for working capital within the service sector. Furthermore, the sector received a loan of 4.25 quadrillion rials (approximately $7.42 billion) for the establishment of businesses and facilities.
Moreover, loans for the sectoral development amounted to roughly 877 trillion rials (about $1.53 billion), while 291 trillion rials (about $508 million) were allocated for self-employment initiatives.
In the reporting period, Iranian banks extended consumer loans totaling 99.3 trillion rials (about $173 million), and 28.5 trillion rials (about $49.7 million) were granted for renovation work. Additionally, loans for housing amounted to 19 trillion rials (about $33.2 million).
Iranian banks issued loans worth about 59.7 quadrillion rials (about $105 billion) during the last Iranian year, marking an increase of 29.5 percent compared to the previous year.
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