Business And Markets
0

Knowledge-Based Firms Borrow $800m

Banks lent 191 trillion rials ($800 million) to 763 knowledge-based companies in the first nine months (March 20-Dec. 20, 2020) of current fiscal year. This was an increase of 128% year-year, the Central Bank of Iran website said. 
Three banks topped the list. The privatized Bank Mellat and Bank Saderat Iran, and state-owned Bank Melli Iran together accounted for more than half of the loans.
A large portion came from Bank Sederat Iran with 35.3 trillion rials ($147m). Bank Mellat and Bank Melli gave 33.2 trillion rials ($138m) and 30.5 trillion rials ($127m), respectively.

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