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Iranian banks lend over $12B for dev’t of trade sector

Finance Materials 21 June 2023 12:59 (UTC +04:00)
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, June 21. Iranian banks issued loans worth 512 trillion rials (about $12.2 billion) in the country’s trade sector, during the first two months of the current Iranian year (March 21 through May 21, 2023) Trend reports.

So, loans worth 16 trillion rials (about $381 million) were issued in connection with the establishment of enterprises and other opportunities in the trade sector during the reporting period

Over 2 months, approximately 464 trillion rials (about $11 billion) worth of loans were issued in the trade sector as working capital.

Also, Iranian banks issued loans worth 21.3 trillion rials (about $508 million) for the development of enterprises and approximately 391 billion rials ($9.3 million) for self-employment in the trade sector for the first month.

At the same time, 7.96 trillion rials (about $190 million) worth of loans were issued for the purchase of housing, 1.58 trillion rials (about $37.7 million) for the purchase of personal assets, and 1.18 trillion rials (about $28 million) for various repairs in the trade sector.

In total, the Iranian banks issued loans worth approximately 4.49 quadrillion rials (about $107 billion) in various economic sectors for 2 months.

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