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Recapitalization of Industries Tops List of Borrowers

RecapitalizationRecapitalization

Loans to raise working capital of industrial units had a 72% share of the total loans given to mining and industrial companies in the first seven months of the current calendar year to Oct. 22. 
Industrial units received 1,370 trillion rials ($10.5 billion) in loans, out of which 990 trillion rials ($7.6 billion) were to help meet businesses’ need for working capital, IRNA reported, citing data from the Ministry of Industries. 
Loans extended to “develop and expand businesses” amounted to 170.6 trillion rials or 12.8% of all loans to industrial units in this period. 
In addition, loans for “establishing new businesses” amounted to 140.63 trillion rials that was 10.6% of all loans. 

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