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Iranian banks and financial organizations increase amount of loans

Business Materials 27 January 2020 14:33 (UTC +04:00)
Iranian banks and financial organizations increase amount of loans

BAKU, Azerbaijan, Jan. 27

By Elnur Baghishov - Trend:

The amount of loans issued for various economic sectors in Iran during nine months (from March 21 through Dec. 21) of this Iranian year (began on March 21, 2019) increased by 27.6 percent compared to the same period of last Iranian year, Trend reports referring to the Iranian Central Bank’s report.

Iranian banks and financial institutions issued the loans worth a total of $149.1 billion for various sectors during nine months.

The loans worth $12.6 billion were issued for the agricultural sector, and the loans worth $51.2 billion were issued for industrial and mining sectors, the report said.

According to the Central Bank, the loans worth $10.9 billion were issued for the housing and construction sector, and the loans worth $28.7 billion were issued for the trade sector.

The loans worth $45.3 billion were issued for the services sector, said the report.

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