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Iran Gov’t Increasing Dependence on Capital Market For Funds

Iran Gov’t Increasing Dependence on Capital Market For Funds
Iran Gov’t Increasing Dependence on Capital Market For Funds

The capital market has increased funding the economy both in the public and private sectors, in particular in the first three quarters of current fiscal year (March- Dec 2020). 
Data compiled by the Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIM) indicate 2,740 trillion rials ($12 billion) was made available in the nine months via the equity and debt markets. 
This is more than double compared to the 1,290 trillion rials ($5.6b) same time last year, the TCCIM said on its website. TCCIM usually reports on two types of funding, namely equity financing and debt financing with focus on the latter.
The share of equity financing rose from 600 trillion rials ($2.6b) in the first three quarters of fiscal 2019-20 to 1,290 trillion rials ($5.6b) during the said period. 
Likewise, debt financing amounted to 1,450 trillion rials ($6.3b) rising from 690 trillion rials ($3b) in the corresponding period a year earlier. 

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