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Iranian banks pay $68B in loans

Business Materials 4 February 2015 14:01 (UTC +04:00)

Baku, Azerbaijan, Feb. 4

By Fatih Karimov - Trend:

Iranian banks have paid 2380 trillion rials (about $68 billion) in loans in the first 9 months of the current Iranian calendar year, started on March 21, 2014, Iran's ISNA news agency reported on Feb. 4.

The governor of the Central Bank of Iran has predicted that more than 2850 trillion rials (about $81 billion) will be paid in loans by the end of the current Iranian year.

Iran's industry minister Mohammad Reza Nematzadeh said industrialists should not just wait for bank loans to complete the semi-finished projects, but attempt to find trading partners and financiers, because the banking system is not able to finance all the projects.

Completing the semi-finished projects requires innovative and productive managers, he added.

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