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Iran discloses volume of loans issued to manufacturing enterprises in Golestan Province

Finance Materials 16 November 2020 07:01 (UTC +04:00)
Iran discloses volume of loans issued to manufacturing enterprises in Golestan Province

BAKU, Azerbaijan, Nov. 16

By Elnur Baghishov – Trend:

The names of 308 manufacturing companies in the Golestan Province (northeastern Iran) have been declared to banks for issuance of 22 trillion rials (about $524 million) worth of loans since the beginning of 5th month of the current Iranian year (July 22), Chairman of Industry, Mine and Trade Organization of Golestan Province Hossein Toluian said, Trend reports referring to the organization’s website.

Toluian noted that so far, a total of about 6.26 trillion rials (about $149 million) worth of loans have been issued to 252 manufacturing enterprises.

He added that about 4.22 trillion rials (about $100 million) worth of loans have been issued to 92 of these enterprises to increase manufacturing.

The chairman emphasized that while about 2.08 trillion rials (about $49.5 million) worth of loans were issued to the remaining enterprises in Golestan Province.

"In addition, the loans worth 7.88 trillion rials (about $187 million) are envisaged to issue to 226 manufacturing enterprises for restoration. So far, 49 enterprises have received loans worth 1.49 trillion rials (about $35.4 million)," he said.

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