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Bank Loans Up 50%: CBI

Bank Loans Up 50%: CBI Bank Loans Up 50%: CBI

Banks and credit institutions in Iran paid 2,247.8 trillion rials ($9.7 billion) in loans during the first three months (March 20-June 21, 2020) of current fiscal year. 
Compared to the corresponding period last year, lending rose by 754 trillion rials ($3.2b) to post an annual 50.5% growth, the Central Bank of Iran reported on its website.   
Majority of loans went to businesses to help boost working capital.  Total loans given for working capital needs amounted to 1,406.8 trillion rials ($6b), it being the biggest share (62.6%) of all lending in Q1. 

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