BAKU, Azerbaijan, November 18. Iranian banks granted 8.53 quadrillion rials (about $203 billion) in loans in the industrial and mining sectors of the country for the first seven months of the current Iranian year (March 21 through October 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: approximately 7.03 quadrillion rials (about $167 billion);
- Establishment of enterprises: 1.05 quadrillion rials (about $25.1 billion);
- Development work: 362 trillion rials (about $8.63 billion);
- Purchase of housing: 32.9 trillion rials (about $784 million);
- Purchase of personal assets: 24.9 trillion rials (about $593 million);
- Self-employment: 24.7 trillion rials ($588 million);
- Repair work: 4.95 trillion rials (about $118 million).
In total, the Iranian banks lent approximately 23.7 quadrillion rials (about $564 billion) in various economic sectors within the first 7 months of the current Iranian year.
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