BAKU, Azerbaijan, May 28. Amount of loans issued by Iranian banks to startup companies in country increased by 108 percent, over the last Iranian year (March 21, 2021 through March 20, 2022), compared to the preceding Iranian year (March 20, 2020 through March 20, 2021), Trend reports citing Central Bank of Iran (CBI).
According to the report, Iranian banks provided loans worth 669 trillion rials (about $15.9 billion) to the startup companies in last Iranian year.
Thus, Iran's state-owned banks provided loans worth 178 trillion rials (about $4.24 billion), private banks - 253 trillion rials (about $6.02 billion) and financial institutions - about 238 trillion rials (about $5.66 billion) to startup companies within the mentioned period.
The largest amount of loans was provided by the Iran’s Mellat Bank at about 113 trillion rials (about $2.69 billion), Bank Melli Iran at 94.4 trillion rials (about $2.24 billion) and the Saderat Bank at 88.9 trillion rials (about $2.11 billion).
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