BAKU, Azerbaijan, December 16. Iranian banks lent around 9.9 quadrillion rials (about $236 billion) in the industrial and mining sectors of the country for the first eight months of the current Iranian year (March 21 through November 21, 2023), Trend reports.
Data of Iran’s Central Bank shows that the loans were allocated for various purposes in the industrial and mining sectors, such as:
- Working capital: 8.16 quadrillion rials (about $195 billion);
- Establishment of enterprises: roughly 1.2 quadrillion rials (about $28.5 billion);
- Development work: 434 trillion rials (about $10.3 billion);
- Purchase of housing: 33 trillion rials (about $786 million);
- Self-employment: approximately 28 trillion rials ($667 million);
- Purchase of personal assets: 25.3 trillion rials (about $602 million);
- Repair work: 7.64 trillion rials (about $182 million).
In total, the Iranian banks lent approximately 27.6 quadrillion rials (about $656 billion) in various economic sectors within the first 8 months of the current Iranian year.
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