Iranian banks to cancel loan debts of enterprises
BAKU, Azerbaijan, Feb. 19
By Elnur Baghishov - Trend:
Iranian banks will partially cancel the loan debts accumulated by the enterprises within five years, Director General of the Iranian Central Bank Abdul Nasser Hemmati wrote on his Instagram page, Trend reports.
“In case of the enterprises’ appeal in a written form about the problems with payment, the enterprises must pay 7.5 percent of the debts,” the director general said.
Hemmati added that the enterprises may appeal only once, and they are allowed not to pay the loan interest for a period of six months.
“The decision has been recently made at the Money and Credit Council of the Central Bank,” the director general said.
Iranian banks issued the loans worth $149 billion for such sectors as agriculture, industry and mining, housing and construction, trade, services and others during nine months of this Iranian year (from March 21 through December 21, 2019).