BAKU, Azerbaijan, Oct. 24
By Elnur Baghishov – Trend:
The banks and financial institutions in Iran provided loans worth about 2.13 quadrillion rials (about $50.6 billion) to the industrial and mining sectors during the first six months of the current Iranian year (March 20-September 21, 2020), Trend reports citing Central Bank of Iran.
According to the report, 325 trillion rials (about $7.74 billion) worth of loans were issued for establishment of enterprises and mines in these sectors during the reporting period.
At the same time, 1.61 quadrillion rials (about $38.4 billion) worth of loans were issued in the industrial and mining sectors as working capital over the past six months,” the report added.
“Furthermore, about 14.5 trillion rials (about $345 million) worth of loans were issued for repair work in industrial and mining sectors within the same period,” the report said.
According to the report, the banks and financial institutions in Iran provided loans worth 146 trillion rials (about $3.49 billion) for development of the industrial and mining sectors during 6 months of current Iranian year.
“Also, 23.4 trillion rials (about $558 million) worth of loans were issued for the purchase of personal belongings and equipment in the industrial and mining sectors in six months,” the report noted.
According to the report, Iranian banks and financial institutions provided loans worth 4.56 trillion rials (about $109 million) for purchase of housing in the industrial and mining sectors over the same period.
In total, the loans worth 840 billion rials (about $20 million) were issued for other purposes in the industrial and mining sectors within 6 months, the report added.
The banks and financial institutions in Iran provided loans worth about 6.97 quadrillion rials (about $166 billion) to various sectors during the first six months of the current Iranian year. The volume of issued loans increased by 82.3 percent compared to the same period last Iranian year.