BAKU, Azerbaijan, Mar. 8
By Elnur Baghishov – Trend:
The Iranian banks issued loans worth 2.51 quadrillion rials (about $59.9 billion) to the Iranian trade sector during the first 10 months of the current Iranian year (from March 20 through January 21, 2020), Trend reports citing the statistics of Central Bank of Iran (CBI).
According to the statistics, the loans worth 106 trillion rials (about $2.53 billion) were issued in connection with the establishment of enterprises and other opportunities in the trade sector over the reporting period.
“During 10 months, 1.12 quadrillion rials (about $26.8 billion) worth of loans were issued in the trade sector as working capital,” the statistics said.
Furthermore, Iranian banks issued loans worth 7.57 trillion rials (about $180 million) for the repair of enterprises and 152 trillion rials (about $3.62 billion) for development of enterprises in the trade sector, the statistics said.
According to the statistics, at the same time, 1.11 quadrillion rials (about $26.6 billion) worth of loans were issued for the purchase of personal assets, 6.51 trillion rials (about $155 million) for the purchase of housing and 2.19 trillion rials (about $52.2 million) for other purposes in the trade sector.
As reported, Iranian banks issued loans worth a total of about 13.9 quadrillion rials (about $332 billion) in various sectors over the 10 months.