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Loans Rise to $57 Billion in 8 Months

Loans Rise to $57 Billion in 8 Months
Loans Rise to $57 Billion in 8 Months

Businesses borrowed 17,274.3 trillion rials ($57.5 billion) in the first eight months of current fiscal year (March 21-Nov 20).  
Compared to the same time last year, loans increased by 6,426.6 trillion rials ($21.4b), up almost 60%, according to data published by the Central Bank of Iran. 
As usual working capital loans topped the list. Companies took out 11,481.4 trillion rials ($38.2b) in loans and credit  to boost working capital, accounting for 66.5% of the total loans. 

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