BAKU, Azerbaijan, Oct. 24
By Elnur Baghishov – Trend:
The volume of loans issued by banks and financial institutions in Iran increased by 82.3 percent during the first six months of the current Iranian year (March 20 - September 21, 2020) compared to the same period last Iranian year, Trend reports citing Central Bank of Iran.
According to the report, thus, the banks and financial institutions in Iran provided loans worth about 6.97 quadrillion rials (about $166 billion) to various sectors during the reporting period.
While in the same period last Iranian year, 3.14 quadrillion rials (about $74.9 billion) worth of loans were issued to various sectors by banks and financial institutions, the report noted.
“Furthermore, 498 trillion rials (about $11.8 billion) worth of loans were issued to agricultural sector over the past six months,” the report added.
According to the report, the banks and financial institutions in Iran also provided loans worth about 2.13 quadrillion rials (about $50.6 billion) to the industrial and mining sectors within this period.
“At the same time, about 394 trillion rials (about $9.37 billion) worth of loans were issued to the housing and construction sector in Iran in the past six months,” the report said.
In addition, 1.41 quadrillion rials (about $33.6 billion) worth of loans were issued to the trade sector in Iran.
According to the report, the banks and financial institutions provided loans worth 2.44 quadrillion rials (about $58.2 billion) to the services sector in Iran during six months.
In total, 88.2 trillion rials (about $2.1 billion) worth of loans were issued to other sectors in Iran over 6 months, the report said.