Iran National Bank issues loans to increase population’s purchasing power
Baku, Azerbaijan, Jan. 14
By Elnur Baghishov - Trend:
The Bank Melli Iran (National Bank of Iran) has taken steps to raise the purchasing power of Iranian citizens by issuing loans to the population, Trend reports via IBENA.
The bank is issuing loans worth up to 80 million rials (about $1,904) for the purchase of household goods, up to 150 million rials (about $3,571) for the purchase of cars and up to 100 million rials (about $2,380) for the repair of apartments.
During the eight months of this Iranian year (started March 21, 2018), loans worth up to 500 million rials (about $11,900) were issued for the purchase of essential products by the population and overhaul of apartments to address the needs of low-income families.
Employees of state and private companies as well as those in need of financial assistance received bank cards with loans up to 500 million rials (about $11,900) on average.
In general, the National Bank of Iran has issued 629,000 loans for the needs of the low-income families during the reported period.