BAKU, Azerbaijan, Mar. 17
By Elnur Baghishov – Trend:
Iranian banks issued loans worth 1.1 quadrillion rials (about $26.2 billion) to the agricultural sector of the country, during the first 11 months of the current Iranian year (from March 20, 2020, through February 18, 2021), Trend reports citing the statistics of Central Bank of Iran (CBI).
According to the statistics, about 242 trillion rials (about $5.77 billion) worth of loans was issued for the establishment of enterprises in the agricultural sector, the planting of gardens, and arable lands.
In addition, 730 trillion rials (about $17.3 billion) worth of loans was issued as working capital in the agricultural sector, the statistics said.
“The loans worth 7.06 trillion rials (about $168 million) were issued for repair operations in the agricultural sector of Iran over the 11 months,” the statistics said.
According to the statistics, at the same time, 77.5 trillion rials (about $1.84 billion) worth of loans was issued for the development of Iran's agricultural sector.
Moreover, 12.5 trillion rials (about $297 million) worth of loans were issued for the purchase of personal assets in the agricultural sector, 2.7 trillion rials (about 64.4 million) for the purchase of housing, and 31 trillion rials (about $740 million) for other purposes, the statistics said.
As reported, the Iranian banks issued loans worth a total of about 16 quadrillion rials (about $382 billion) in various sectors over the 11 months. This an increase of 96.2 percent compared to the same period last Iranian year.