BAKU, Azerbaijan, May 26. Iranian banks issued loans worth 125 trillion rials (about $2.96 billion) in the country’s trade sector, 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, loans worth 3.5 trillion rials (about $84.4 million) were issued in connection with the establishment of enterprises and other opportunities in the trade sector during the reporting month.
"Over 1st month, more than 114 trillion rials (about $2.72 billion) worth of loans were issued in the trade sector as working capital," the statistics said.
Furthermore, Iranian banks issued loans worth 6.27 trillion rials (about $149 million) for development of enterprises and 48 billion rials ($1.14 million) for self-employment in the trade sector for the first month, statistics said.
At the same time, 179 billion rials (about $4.26 million) worth of loans were issued for the purchase of housings, 50 billion rials (about $1.19 million) for repair work, and 167 billion rials (about $3.97 million) for the purchase of personal assets in the trade sector.
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.
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