BAKU, Azerbaijan, May 10. The value of loans provided by Iranian banks to startup companies has risen by 123 percent during the first month of current Iranian year (from March 21 through April 20, 2025) compared to the same month last year (from March 20 through April 19, 2024).
The data obtained by Trend from Iran's Central Bank shows that 431 startup companies in the country received a total of 232 trillion rials (about $415 million) in loans during the reporting month compared to 104 trillion rials (around $186 million) worth of loans granted to 396 startup companies in the same month of last year.
Meanwhile, in the first month of this year, state-owned banks provided loans worth 23.6 trillion rials (approximately $42.3 million), which is 191 percent more than in the same month last year.
During the mentioned period, non-state banks provided loans worth 208 trillion rials (circa $373 million). The loans provided by non-state banks increased by 117 percent compared to the same month last year.
To note, in the last Iranian year (March 20, 2024 - March 20, 2025), 3.94 quadrillion rials (about $6.97 billion) of loans were provided to 2,922 startup companies in Iran. The loans provided increased by 46.2 percent compared to the previous year (from March 21, 2023 through March 19, 2024).
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