BAKU, Azerbaijan, June 15
By Elnur Baghishov – Trend:
The Iranian banks issued loans worth 5.8 quadrillion rials (about $138 billion) in the industrial and mining sectors in Iran over the last Iranian year (from March 20, 2020 through March 20, 2021), Trend reports citing the statistics of Central Bank of Iran (CBI).
According to the statistics, about 895 trillion rials (about $21.3 billion) worth of loans were issued for the establishment of enterprises in the industrial and mining sectors during the reporting period.
"In addition, 4.35 quadrillion rials (about $103 billion) worth of loans were issued as working capital in these sectors," the statistics said.
Within last Iranian year, 65.3 trillion rials (about $1.55 billion) worth of loans were issued for repair work in the industrial and mining sectors, the statistics said.
According to the statistics, at the same time, 415 trillion rials (about $9.89 billion) worth of loans were issued for the development of Iran's industrial and mining sectors.
In total, 52.9 trillion rials (about $1.26 billion) worth of loans were issued in Iran's industrial and mining sectors for the purchase of personal assets, 9.58 trillion rials (about $228 million) for the purchase of housing, and 3.52 trillion rials (about $83.9 million) for other purposes, the statistics said.
As reported, the Iranian banks issued loans worth about 19 quadrillion rials (about $452 billion) in various economic sectors in the last Iranian year. This an increase of 94.8 percent, compared to the preceding Iranian year (from March 21, 2019 through March 19, 2020).