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Iran’s CBI discloses amount of loans issued for industrial, mining sectors

Finance Materials 20 March 2023 09:13 (UTC +04:00)
Iran’s CBI discloses amount of loans issued for industrial, mining sectors
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, March 20. Iranian banks issued loans worth 10.9 quadrillion rials (about $260 billion) in the industrial and mining sectors of the country, during the first 11 months of the current Iranian year (March 21, 2022 through February 19, 2023), Trend reports via the statistics of the Central Bank of Iran (CBI).

Of that, 1.78 quadrillion rials (about $42.6 billion) worth of loans were issued for the establishment of enterprises in the industrial and mining sectors for the reporting period.

Also, approximately 8.54 quadrillion rials (about $203 billion) worth of loans were issued as working capital in the mentioned sectors in 11 months.

Within 11 months, about 507 trillion rials (about $12 billion) worth of loans were issued for the development of Iran's industrial and mining sectors.

About 13.4 trillion rials (about $318 million) worth of loans were issued for self-employment in the industrial and mining sectors, and 41.9 trillion rials (about $998 million) for the purchase of housing.

Furthermore, 1.75 trillion rials (about $41.8 million) worth of loans were issued for repair work in the industrial and mining sectors, as well as 31 trillion rials (about $738 million) for the purchase of personal assets, the statistics said.

Overall, the Iranian banks issued loans worth approximately 36.7 quadrillion rials (about $874 billion) in various economic sectors in the country during the first 11 months of the current Iranian year.

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