BAKU, Azerbaijan, July 14
By Elnur Baghishov – Trend:
Iranian banks issued loans worth 285 trillion rials (about $6.78 billion) in the agricultural sector of the country, during the first three months of the current Iranian year (from March 21 through June 21, 2021), Trend reports citing the statistics of the Central Bank of Iran (CBI).
According to the statistics, about 47.8 trillion rials (about $1.13 billion) worth of loans were issued for the establishment of enterprises and the planting of gardens, and arable lands in the agricultural sector.
In addition, 206 trillion rials (about $4.91 billion) worth of loans were issued as working capital in the agricultural sector, the statistics said.
"The loans worth 1.48 trillion rials (about $35.3 million) were issued for repair work in the agricultural sector of Iran within the three months," the statistics said.
According to the statistics, at the same time, 19.5 trillion rials (about $465 million) worth of loans were issued for the development of Iran's agricultural sector.
Moreover, 2.06 trillion rials (about $49 million) worth of loans were issued for the purchase of personal assets in the agricultural sector, 324 billion rials (about 7.71 million) for the purchase of housing, and 7.4 trillion rials (about $176 million) for other purposes, the statistics said.
As reported, the Iranian banks issued loans worth about 4.97 quadrillion rials (about $118 billion) in various economic sectors in the first three months of the current Iranian year. This an increase of 71.3 percent, compared to the same period last Iranian year.