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Loans Surge 60% to $86b in 10 Months

Loans Surge 60% to $86b in 10 Months
Loans Surge 60% to $86b in 10 Months

Banks and credit institutions gave 22,946.1 trillion rials ($86.1 billion) in loans in the first ten months of current fiscal year that ends in March.  
Compared to the corresponding period last year, lending rose by 8,552 trillion rials ($32.2b) or 59.4%, the Central Bank of Iran said Sunday. 
Money went largely to boost working capital of businesses.   Businesses took 15,205.7 trillion rials ($57.3b) to boost working capital accounting for 66.3% of the total. 

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