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Iran provides several loans in industrial and mining sectors

Finance Materials 22 November 2021 09:17 (UTC +04:00)

BAKU, Azerbaijan, Nov. 22

By Elnur Baghishov – Trend:

Iranian banks issued loans worth 4.39 quadrillion rials (about $105 billion) in the industrial and mining sectors in Iran, during the first seven months of the current Iranian year (from March 21 through October 22, 2021), Trend reports citing the statistics of the Central Bank of Iran (CBI).

According to the statistics, about 581 trillion rials (about $13.8 billion) worth of loans was issued for the establishment of enterprises in the industrial and mining sectors during the reporting period.

In addition, 3.47 quadrillion rials (about $82.7 billion) worth of loans were issued as working capital in these sectors.

Within seven months, 55.4 trillion rials (about $1.32 billion) worth of loans was issued for repair work in the industrial and mining sectors.

According to the statistics, at the same time, 252 trillion rials (about $6 billion) worth of loans was issued for the development of Iran's industrial and mining sectors.

In total, 19.2 trillion rials (about $457 million) worth of loans was issued in Iran's industrial and mining sectors for the purchase of personal assets, 9.93 trillion rials (about $236 million) for the purchase of housing, and 3.05 trillion rials (about $72.6 million) for other purposes, the statistics said.

As reported, the Iranian banks issued loans worth about 14.8 quadrillion rials (about $353 billion) in various economic sectors in the first seven months of the current Iranian year. This figure stood at 5.47 quadrillion rials (about $130 billion) in the same period last Iranian year.

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