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Bank Keshavarzi Iran discloses areas in which it issues loans

Finance Materials 14 January 2021 19:27 (UTC +04:00)
Bank Keshavarzi Iran discloses areas in which it issues loans

BAKU, Azerbaijan, Jan. 14

By Elnur Baghishov – Trend:

The Bank Keshavarzi Iran has issued loans mainly in the area of agriculture, horticulture, livestock and poultry, fisheries, greenhouses, agricultural machinery, irrigation, and processing industries from the beginning of the current Iranian year (March 20, 2020) to December 30, Trend reports citing the bank’s portal.

According to the report, in general, 88.5 percent of the loans issued by the bank are to these areas over the reporting period.

Thus, 454 trillion rials (about $10.8 billion) worth of loans were issued to farmers and agricultural entrepreneurs for the mentioned period, the report said.

“In general, the number of loans issued by Bank Keshavarzi Iran by about 1 percent compared to the same period last Iranian year,” the report said.

The Bank Keshavarzi Iran operates in the agricultural sector. The bank also provides loans for working capital, investment, and so on in the agriculture sector.

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