Business And Markets
0

Lending Surges 58% to $45b in H1

Lending Surges 58% to $45b in H1
Lending Surges 58% to $45b in H1

Banks gave 12,410.8 trillion rials ($45.5 billion) in loans in the first half of current fiscal year (March 21- Sept 22).  
Compared to the corresponding period last year, lending rose by 4,551.9 trillion rials ($16.6b) or 57.9%, according to data published by the Central Bank of Iran.
The loans went to diverse sectors of the economy with the lion’s share to bolster working capital of businesses.
Businesses took out 8,376.7 trillion rials ($30.6b) in loans to boost working capital accounting for 67.5% of the total.

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