BAKU, Azerbaijan, October 30. Iranian banks provided 7.28 quadrillion rials (about $173 billion) in loans in the industrial and mining sectors of the country for the first half of the current Iranian year (March 21 through September 22, 2023), Trend reports.
Data of Iran’s Central Bank shows that the loans were allocated for various purposes in the services sector, such as:
- Working capital: 5.99 quadrillion rials (about $143 billion);
- Establishment of enterprises: 934 trillion rials (about $22.2 billion);
- Development work: 281 trillion rials (about $6.69 billion);
- Purchase of housing: 32.2 trillion rials (about $768 million);
- Purchase of personal assets: 21.9 trillion rials (about $522 million);
- Self-employment: 15.8 trillion rials ($377 million);
- Repair work: 3.96 trillion rials (about $94.2 million).
In total, the Iranian banks issued loans worth approximately 20.4 quadrillion rials (about $485 billion) in various economic sectors within the first 6 months of the current Iranian year.
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