Baku, Azerbaijan, Aug. 21
By Fatih Karimov – Trend:
The Iranian banking system has paid 1,533.1 trillion rials ($46.5 billion based on official exchange rate of $1 to 32,980 rials) in loans during the first four months of the current fiscal year (started March 20, 2017), the Central Bank of Iran (CBI) said Aug. 21.
The figure indicates a rise by 18.4 percent compared to the same period of preceding year, according to the report.
Over 519.5 trillion rials were paid in loans to various sectors in the fourth Iranian calendar month of Tir (June 21-July 21).
The country’s banks paid 626.851 trillion rials to the service sector during the four-month period.
Along with the service sector, the highest amounts of loan have been paid to industry and mining (458.721 trillion rials), commerce (217.567 trillion rials), housing (113.6 trillion rials) and agriculture (115.283 trillion rials) sectors.
Iran’s banking system paid 5,483.7 trillion rials in loans to various sectors during the last fiscal year (March 20, 2016 to March 19, 2017), 31.4 percent more than in the preceding year.
Iran has been struggling with bad loans over the past several years.