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Iran's Finance Ministry shares data on loans issued

Finance Materials 27 September 2022 16:25 (UTC +04:00)
Iran's Finance Ministry shares data on loans issued
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, September 27. Iranian both state and private banks have issued loans worth less than 1 billion rials (about $23,800) each to 703,406 people, over the past 7 months (January 21 through August 22, 2022), without a guarantor, as was announced by Iran’s Ministry of Economic Affairs and Finance, Trend reports citing IRNA.

In the 10th month of the last Iranian year (December 22, 2021 through January 20, 2022), Iranian Minister of Economic Affairs and Finance Ehsan Khandouzi made an order to issue loans worth less than 1 billion rials (about $23,800) to citizens in the country without a guarantor.

In total, Iranian banks issued 237 trillion rials (about $5.63 billion) worth of loans in the country without a guarantor over the mentioned 7 months.

Iranian Banks

Number of citizens

Amount of loans

Bank Sepah

274,994

$1.84 billion

Tejarat Bank

61,012

$987 million

Refah Bank

138,392

$715 million

Qarz Al-Hasaneh Mehr Bank

125,209

$778 million

Bank Melli Iran

46,118

$694 million

Post Bank

20,931

$192 million

Bank Saderat Iran

13,327

$186 million

Bank Mellat

16,236

$135 million

Bank Maskan

4,235

$65.9 million

Bank Keshavarzi Iran

1,471

$19.7 million

Tose`e Ta`avon Bank

1,477

$16.7 million

Bank of Industry and Mine

58

$1.31 million

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