BAKU, Azerbaijan, Jan. 27
By Elnur Baghishov – Trend:
The Iranian banks issued loans worth a total of about 12.2 quadrillion rials (about $290 billion) in various sectors, during the first nine months of the current Iranian year (March 20 through December 20, 2020), Trend reports citing the statistics of the Central Bank of Iran (CBI).
According to the statistics, the number of issued loans increased by 94.8 percent compared to the same period last Iranian year. So, 5.93 quadrillion rials (about $141 billion) worth of loans were issued in Iran in the same period last Iranian year.
“The Iranian banks issued loans worth 841 trillion rials (about $20 billion) to the agricultural sector in the first nine months,” the statistics said.
Moreover, 3.62 quadrillion rials (about $86.2 billion) worth of loans were issued to Iran's industrial and mining sectors, the statistics said.
According to the statistics, at the same time, the banks issued loans worth 701 trillion rials (about $16.7 billion) to Iran's housing and construction sector.
“While in the Iranian trade sector, the Iranian banks issued loans worth 2.21 quadrillion rials (about $52.7 billion),” the statistics said.
Furthermore, 4.81 quadrillion rials (about $115 billion) worth of loans was issued in the services sector and 5.53 trillion rials (about $132 million) in other unmentioned areas within nine months, the statistics said.
According to the statistics, the loans are provided for the establishment of enterprises and facilities, as working capital, repair work, development, purchase of personal products, purchase of apartments, and so on.