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Iran discloses amount of loans issued in industrial and mining sectors over 5 months

Business Materials 4 November 2018 12:29

Baku, Azerbaijan, Nov. 4

By Elnur Baghishov – Trend:

In the first five months of this Iranian year (started March 21, 2018), banks and financial institutions have issued more loans for the enterprises operating in industrial and mining sectors, Mizan News Agency.

The number of loans in Iran’s industrial and mining sectors increased by 8.3 percent to 680 trillion rials (about $16.190 billion) compared to the same period of last Iranian year (started March 21, 2017).

According to the statistics, loans worth 321 trillion rials (about $7.642 billion) were issued in the trade sector. This is a 7.2 percent-increase over the same period of last year.

Thus, 28.2 percent and 13.3 percent accounted for the loans issued in industrial, mining sector and trade sector respectively.

In the first five months of this Iranian year, 1.484 quadrillion rials (approximately $35.333.333.333) or 61.6 percent accounted for the share of loans in all sectors of the economy.

Moreover, 570 trillion rials (about $13.571 billion) or 83 percent accounted for the loans in the industrial and mining sectors.

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