BAKU, Azerbaijan, July 14
By Elnur Baghishov – Trend:
Banks in Iran issued loans worth 230 trillion rials (about $5.48 billion) in the housing and construction sector in Iran 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 statistics, about 50.6 trillion rials (about $1.2 billion) worth of loans were issued for construction work in the housing and construction sector within the first three months.
“In addition, Iranian banks issued loans worth 79.7 trillion rials (about $1.89 billion) as working capital in this sector,” the statistics said.
Over the reporting period, 40 trillion rials (about $955 million) worth of loans were issued for repair work and 14.9 trillion rials (about $354 million) for development work in the housing and construction sector, the statistics said.
Furthermore, Iranian banks issued loans worth 51 billion rials (about $1.21 million) for the purchase of personal assets in the housing and construction sector, 43.4 trillion rials (about $1.03 billion) for the purchase of housing, and 1.35 trillion rials (about $32 million) for other purposes.
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.