BAKU, Azerbaijan, Nov. 22
By Elnur Baghishov – Trend:
Iranian banks issued loans worth 2.23 quadrillion rials (about $53.1 billion) in the trade sector, 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, the loans worth 82.6 trillion rials (about $1.96 billion) were issued in connection with the establishment of enterprises and other opportunities in the trade sector during the reporting period.
"Over 7 months, 1.11 quadrillion rials (about $26.5 billion) worth of loans were issued in the trade sector as working capital," the statistics said.
Furthermore, Iranian banks issued loans worth 4.46 trillion rials (about $106 million) for the repair of enterprises and 150 trillion rials (about $3.57 billion) for the development of enterprises in the trade sector, the statistics said.
At the same time, 875 trillion rials (about $20.8 billion) worth of loans were issued for the purchase of personal assets, and 4.12 trillion rials (about $98.2 million) for the purchase of housings, and 2.17 trillion rials (about $51.8 million) for other purposes in the trade sector.
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. The figure stood at 5.47 quadrillion rials (about $130 billion) in the same period last Iranian year.
---
Follow the author on Twitter:@BaghishovElnur