Iranian banks pay $77 billion in loans over 10 months
Baku, Azerbaijan, Feb. 16
By Fatih Karimov - Trend: Iranian banks have paid 2,700 trillion rials (about $77 billion) in loans in the first 10 months of the current Iranian fiscal year, started on March 21, 2014.
Ali-Asghar Mirmohammad-Sadeqi, director for credits department at the Central Bank of Iran, said 1,620 trillion rials (about $46 billion) has been paid to economic enterprises as their operating capital, Iran's IRIB reported on Feb. 16.
Moreover, 8,370 trillion rials (about $24 billion equaling 31.2 percent) have been paid to the industry and mining sector. He added that the banking system has planned to pay a total of 3,000 trillion rials (about $86 billion) in loans by the end of the current Iranian fiscal year.
The governor of the Central Bank of Iran has predicted that more than 2850 trillion rials (about $81 billion) will be paid in loans by the end of the current Iranian year.
Iran's industry minister Mohammad Reza Nematzadeh has said that industrialists should not just wait for bank loans to complete the semi-finished projects, but attempt to find trading partners and financiers, because the banking system is not able to finance all the projects.
Completing the semi-finished projects requires innovative and productive managers, he added.
Edited by CN