BAKU, Azerbaijan, September 18. Iran’s services sector received loans totaling 4.45 quadrillion rials (about $106 billion) from Iranian banks in the first four months of the current Iranian year (March 21 through July 22, 2023), Trend reports.
The loans were allocated for various purposes in the services sector, such as:
- Working capital: 3.32 quadrillion rials (about $79.2 billion);
- Establishment of enterprises and facilities: approximately 793 trillion rials (about $18.9 billion);
- Development work: 218 trillion rials (about $5.19 billion);
- Self-employment: 64 trillion rials (about $1.52 billion);
- Purchase of personal assets: approximately 27.8 trillion rials (about $661 million);
- Purchase of housing: 14.2 trillion rials (about $339 million);
- Repair work: 7.97 trillion rials (about $189 million).
In total, the Iranian banks issued loans worth 11.2 quadrillion rials (about $267 billion) in various economic sectors within the first 4 months of the current Iranian year.
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