Baku, Azerbaijan, July 29
By Khalid Kazimov – Trend:
The amount of loans made by Iranian banks to industrial and agricultural firms in the country over the first quarter of the current Iranian year (starting March 20) increased by 44 percent year on year, a senior financial official said.
Central Bank of Iran (CBI) Chief Valiollah Seif said that 70 percent of the loans was granted to the agricultural sector and 30 was made to industrial and mining sector, IRNA news agency reported.
Briefing reporters on the latest economic developments in the country, the central bank chief also forecasted that the country will hit five percent economic growth by March 20.
Given the positive international atmosphere created after the implementation of the Joint Comprehensive Plan of Action (JCPOA) Jan 16, Iran’s economic growth is expected to surpass five percent, Seif added.
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