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Bank Melli Lends $7 Billion in 10 Months

Bank Melli Lends $7 Billion in 10 Months Bank Melli Lends $7 Billion in 10 Months

Bank Melli Iran, the biggest state-owned lender, gave  952 trillion rials ($7.1 billion) in loans over ten months since the beginning of current fiscal year that ends in March.  
The funding was made available to more than 1.5 million loan applicants, according to a report on the BMI website. 
Loans allotted to fund services sector had the lion’s share and amounted to 644.6 trillion rials ($4.8 billion), which were given to 1.26 million applicants. 

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