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Iran issues loans to increase manufacturing of industrial, mining enterprises

Finance Materials 13 October 2021 09:09 (UTC +04:00)
Iran issues loans to increase manufacturing of industrial, mining enterprises

BAKU, Azerbaijan, Oct. 13

By Elnur Baghishov – Trend:

Iranian Ministry of Industry, Mine and Trade has provided loans worth 51.6 trillion rials (about $1.23 billion) to support manufacturing of 1,387 industrial and mining enterprises in country, during the first five months of the current Iranian year (March 21 through August 22, 2021), said the report of Iranian Ministry of Industry, Mine and Trade obtained by Trend.

These loans were provided to enterprises both as fixed capital and working capital, according to the report.

In this regard, 28.2 trillion rials (about $673 million) worth of loans were issued to 994 industrial enterprises in country (excluding the enterprises in industrial parks).

So, Iran has provided loans worth 2.23 trillion rials (about $53.1 million) to 143 industrial and mining enterprises as fixed capital, and worth 26 trillion rials (about $620 million) to 851 industrial and mining enterprises as working capital.

“In addition, 23.3 trillion rials (about $556 million) worth of loans were issued to 393 industrial and mining enterprises in the country's industrial parks,” said the report.

So, Iran has provided loans worth 2.4 trillion rials (about $56.8 million) to 60 industrial enterprises as fixed capital and worth 20.9 trillion rials (about $499 million) to 333 industrial and mining enterprises as working capital in the industrial parks.

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