Banks Increase Lending

In the first six months of the current fiscal year banks and credit institutions paid 6,967.2 trillion rials ($25 billion) in loans to businesses.
Based on data from the Central Bank of Iran, the value of loans increased by 3,145.8 trillion rials ($11.23b) or 82.3% compared to last year’s corresponding period.
With more than 4,226 trillion rials ($15.09b) given to assorted sectors, namely mines, industries, housing, agriculture and services, loans to boost working capital of manufactures accounted for 60.7% of the total loans with the mines and agriculture sector topping the list.