BAKU, Azerbaijan, June 14. The amount of loans issued by Iranian banks to local start-up companies increased by 84.7 percent in value and 26.8 percent in number, during the first 2 months of the current Iranian year (March 21 through May 21, 2023), compared to the same period last Iranian year, Trend reports.
In two months, Iranian banks provided loans worth approximately 194 trillion rials (about $4.61 billion) to 738 start-up companies in the country.
Whereas, in the same period last Iranian year, Iranian banks issued loans worth 105 trillion rials (about $2.5 billion) to 582 local start-up companies.
Meanwhile, in the 2nd month of the current Iranian year alone (April 21 through May 21, 2023), the country’s banks lent about 115 trillion rials (about $2.73 billion) to 429 start-up companies.
This is an increase of 80.4 percent in value and 34 percent more in number compared to the same month in the last year.
So, approximately 63.5 trillion rials (about $1.51 billion) worth of loans were issued to 429 local start-up companies in Iran in the same month of the last Iranian year.
In total, the Iranian banks issued loans worth 1.61 quadrillion rials (about $38.4 billion) in various economic sectors during the 1st month of the current Iranian year (March 21 through April 20, 2023).
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