Banks Lend $40b in 8 Months

Banks and credit institutions paid 5,313 trillion rials ($40.8 billion) in loans in the first eight months of current fiscal year to Nov.21. 
The lending increased by 1,150 trillion rials ($8.8 billion) compared to the similar period last year posting 27.6% growth on year-on-year basis, according to data released on the website of the Central Bank of Iran.  
As usual, the majority of loans went to fund working capital of manufactures and businesses. Lenders paid 2,875 trillion rials ($22 billion) to help finance working capital of firm, which accounted for 54% of all lending in the eight months. 
Working capital loans increased by 380 trillion rials compared to the same period last year or up 15.3% on an annual basis.