BAKU, Azerbaijan, May 25. Iranian banks issued loans worth 51.3 trillion rials (about $1.22 billion) in the agricultural sector of the country, during the 1st month of the current Iranian year (March 21 through April 20, 2022) Trend reports via the statistics of the Central Bank of Iran (CBI).
According to the statistics, about 11.2 trillion rials (about $266 million) worth of loans were issued for the establishment of enterprises and the planting of gardens, and arable lands in the agricultural sector.
In addition, 35 trillion rials (about $834 million) worth of loans were issued as working capital in the agricultural sector.
"The loans worth 4.63 trillion rials (about $110 million) were issued for the development of Iran's agricultural sector of Iran within the 1st month," the statistics said.
Moreover, 371 billion rials ($8.83 million) worth of loans were issued for self-employment in the agricultural sector, as well as 15 billion rials (about $357,000) for the purchase of personal assets.
In total, the Iranian banks issued loans worth about 1.43 quadrillion rials (about $34 billion) in various economic sectors for the first month.
The figure stood at 265 trillion rials (about $6.32 billion) in the same month of last Iranian year
---
Follow the author on Twitter:@BaghishovElnur