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Large-amount loans issued in Iran's services sector

Finance Materials 17 August 2021 10:36 (UTC +04:00)
Large-amount loans issued in Iran's services sector

BAKU, Azerbaijan, Aug. 17

By Elnur Baghishov – Trend:

Iranian banks issued loans worth 2.9 quadrillion rials (about $69.1 billion) in the services sector during the first four months of the current Iranian year (from March 21 through July 22, 2021), Trend reports citing the statistics of the Central Bank of Iran (CBI).

According to the statistics, 303 trillion rials (about $7.22 billion) worth of loans was issued for the establishment of enterprises and facilities in the services sector of Iran over the reporting period.

“Moreover, the Iranian banks issued loans worth 2.01 quadrillion rials (about $47.9 billion) as working capital in the services sector within the four months,” the statistics said.

At the same time, the loans worth 21.9 trillion rials (about $522 million) were issued for repair work and 290 trillion rials (about $6.92 billion) for development in the services sector, the statistics said.

According to the statistics, the Iranian banks issued loans worth 12.6 trillion rials (about $302 million) for the purchase of personal assets, 15.9 trillion rials (about $380 million) for the purchase of housing, and 245 trillion rials (about $5.84 billion) for the other purposes in the services sector.

As reported, the Iranian banks issued loans worth about 7.01 quadrillion rials (about $167 billion) in various economic sectors in the first four months of the current Iranian year. This is an increase of 55.5 percent, compared to the same period last Iranian year.

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