Business And Markets
0

2 Businesses Top List of Borrowers

2 Businesses Top List of Borrowers 2 Businesses Top List of Borrowers

A CBI report shows that more than half of the loans given by Iranian banks and credit institutions were in the form of civil partnership and installment sale contracts. 
According to the report published on the website of the Central Bank of Iran, the lenders’ total outstanding loans stood at 14,264 trillion rials ($103 billion) by the end of ninth months (Dec 2019) of the current fiscal year. An estimated 3,961 trillion rials ($28.7 billion) was given for  civil partnership contracts. This accounted for 27.8% of all loans. 
Lenders gave 3,889 trillion rials ($28.1 billion) for installment sale contracts, representing 27.3% of the loans. Partnership loans declined 2.7% compared to figures reported for the end of last fiscal year (March 2019). Lending for installment sale increased 1.2% during the period. 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com