Baku, Azerbaijan, May 23
By Umid Niayesh - Trend:
The Iranian banking system paid some 257.2 trillion rials (some $6 billion based on official exchange rate of $1 to 42,000 rials) in loans during the first Iranian calendar month ( March 20-April 20).
The figure indicates a rise by 14.9 percent compared to the preceding year, the Central Bank of Iran (CBI) said May 23.
A huge share of the paid loans was for supply of the working capital of various sectors. The working capital shared 68.3 percent or 175.7 trillion rials of the paid loans in the 1-month period. Loans allocated for working capital registered a rise by 10.9 percent compared to the same month of preceding fiscal year.
The industry and mining sector received a lion's share of paid loans for supplying the working capital. Over 36.1 percent of the loans in this field was allocated to the industry and mining sector (63.4 trillion rials).
Only 5 percent of the loans by banks were allocated to establish new units (12.84 trillion rials), while 7 percent of the assets were for development, and 1.6 percent were for repairs.
The highest value of the paid loans went to service sector (45 percent), followed by industry and mining sector (29 percent), commerce (15 percent), housing (8 percent) and agriculture (3 percent).
The country’s banks paid 115.3 trillion rials to the service sector during the 1-month period.
Over 73.8 trillion rials of loans were paid to industry and mining sector, 39.5 trillion rials - to commerce sector, 20 trillion rials - to housing sector, and 8 trillion rials - to agriculture sector.
Iran’s banking system paid 6,139 trillion rials in loans to various sectors during the fiscal year to March 2018, 12 percent more than in the preceding year.
The figure amounted to 5,483.7 trillion rials in the fiscal year to March 2017, 31.4 percent more year-on-year.
Details of the paid loans to various sectors (figures are in billion rials)
|
Agriculture |
Industry & mining |
Housing |
Commerce |
Service |
Others |
Total |
|
|
Establishing new units |
1,441 |
2,692 |
1,757 |
852 |
6,098 |
4 |
12,843 |
|
Supplying the working capital |
5, 651 |
63,415 |
3, 070 |
32, 597 |
70,905 |
95 |
175,733 |
|
Repair |
13 |
53 |
1, 879 |
54 |
2,108 |
1 |
4,108 |
|
Development |
569 |
6, 068 |
5, 610 |
1,299 |
4,925 |
367 |
18,839 |
|
Buying goods |
205 |
255 |
140 |
1,339 |
5,682 |
2 |
7,623 |
|
Buying houses |
54 |
130 |
7,011 |
466 |
796 |
27 |
8,484 |
|
Others |
222 |
1,196 |
534 |
2, 851 |
24,795 |
1 |
29,599 |
|
Total |
8,156 |
73,807 |
20,000 |
39, 458 |
115,309 |
497 |
257,229 |
---
Follow the author on Twitter: @UmidNiayesh