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Loans to Businesses Up 26%

Loans to Businesses Up 26%
Loans to Businesses Up 26%

Banks lent 9,750 trillion rials ($62.9 billion) to businesses in the last fiscal year (March 2019-20), which was up by 2,012 trillion rials or 26% compared to the year before. 
The Central Bank of Iran on Wednesday published a report on the annual performance of banks, according to which the services sector received 34% of the total -- 3,285 trillion rials. 
Industries and mining sector was next taking 3,172 trillion rials. Commercial firms received 19% of the total. Agriculture and housing respectively received 8% and 7% of the loans.

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