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Iran declares volume of loans issued to enterprises in Semnan Province

Finance Materials 19 August 2020 16:59 (UTC +04:00)
Iran declares volume of loans issued to enterprises in Semnan Province

BAKU, Azerbaijan, August 19

By Elnur Baghishov – Trend:

The loans worth 3.91 trillion rials (about $93 million) were issued to 227 industrial and agricultural enterprises in Semnan Province (northern Iran) from the beginning of current Iranian year (March 20, 2020) to August 19 for increase employment, under the program to provide loans to manufacturing enterprises in the last Iranian year (March 21, 2019 - March 20, 2020), chairman for Industry, Mine and Trade Organization of Semnan Province Ali Teshnedel said, Trend reports citing the organization.

He made the remark at the meeting dedicated to solving the problems of industrial enterprises in the province.

“In addition, the loans worth 12.2 trillion rials (about $290 million) were issued to increase production of 387 industrial and agricultural enterprises,” he said.

The chairman emphasized that in total, 16.1 trillion rials (about $383 million) in loans were issued to 614 industrial and agricultural enterprises under the program to provide loans to manufacturing enterprises in the last Iranian year.

“Last year, the names of 911 enterprises were announced to the banks for issuance of loans worth more than 40 trillion rials (about $952 million). Of these, 332 enterprises are being investigated for lending,” he said.

The chairman noted that today's meeting has been approved the issuance of loans worth 1.5 trillion rials (about $35.7 million) to 13 industrial enterprises.

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