BAKU, Azerbaijan, May 16. The volume of loans extended by Iranian banks to start-up companies in the 12th month of the last Iranian year (from February 20 through March 19, 2024) increased by 24.7 percent compared to the same month of the previous year (from February 21 through March 20, 2023), the statistics of Iran's Central Bank said, Trend reports.
According to the statistics, Iran's 968 startup companies received loans worth about 376 trillion rials (about $8.95 billion) for the 12th month. The value of loans granted to 833 startup companies in the same month of the previous year amounted to 328 trillion rials (about $7.8 billion).
The statistics indicate that Iran's state-owned banks issued loans worth 73.2 trillion rials (about $1.74 billion) to 256 start-up companies in the 12th month. This is 111 percent more than the same month last year. During the same month of the previous year, the value of loans granted by state-owned banks amounted to 34.6 trillion rials (about $825 million).
The information notes that Iran's non-state banks invested about 303 trillion rials (about $7.2 billion) in 712 startup companies for the 12th month. This is 3.4 percent more than the same period last year. During the same period of the previous year, non-government banks issued loans worth 293 trillion rials (about $6.98 billion) to startup companies.
To note, the Iranian government is focusing on providing loans to start-up companies in various fields, including energy, agriculture, and industry, in order to maximize the benefits of their potential.
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