Banks Cut Back on Lending 

Financial statements of several banks and credit institutions listed in the stock market show most are disinclined to lend.
Financial data of 11 banks analyzed by the Economy Ministry news website suggest that ten reported less than 10% growth in lending in the first four months of current fiscal year (March 21- July 22)
“Annualized growth in loans was much less in five banks falling below 5%,” Shada.ir reported.  
This is while nine out of 11 banks had shown double-digit growth in lending in the first four months of the last fiscal year, including four banks with 20-30% rise.