Caps on Working Capital Loans

The Central Bank of Iran in an edict to banks announced caps for working capital loans.
As per the order published in domestic news outlets on Monday, the maximum working capital loan banks can give to functioning commercial, services and contracting companies will henceforth not exceed 60% of the annual sales of the company in three years as reported in the financial statements of the company.
The ceiling for non-operating commercial, services and contracting companies is 60% of sales forecast in the first year of operation.