BAKU, Azerbaijan, September 29
By Elnur Baghishov – Trend:
Iranian banks and financial institutions issued loans worth 1.79 quadrillion rials (about $42.5 billion) to services sector in Iran during the first 5 months of the current Iranian year (March 20-August 21, 2020), Trend reports citing the Central Bank of Iran (CBI).
Of this amount, 223 trillion rials (about $5.3 billion) was issued for establishment of enterprises and facilities in Iran’s services sector, the report said.
According to the report, the loans worth 1.1 quadrillion rials (about $26.5 billion) were issued to provide working capital in services sector.
“In addition, 29.1 trillion rials (about $694 million) worth of loans were issued to repair work in this sector and worth 202 trillion rials (about $4.81 billion) to development projects,” the report added.
The CBI said that loans worth 8.22 trillion rials (about $195 million) were issued to services sector for purchase of personal needs (including equipment) and worth 9.9 trillion rials (about $235 million) for purchase of housing.
According to the report, 201 trillion rials (about $4.78 billion) worth of loans were issued to this sector for other purposes.
In total, loans worth 5.06 quadrillion rials (about $120 billion) were issued to various sectors in Iran during the first 5 months of the current Iranian year (March 20-August 21, 2020). This amount increased by 71 percent compared to the same period last Iranian year.