Business And Markets

Banks Boost Lending 

Banks Boost Lending 
Banks Boost Lending 

Banks paid an estimated 29,719 trillion rials ($69.1 billion) in loans in the first nine months of the current fiscal year (ends in March) – up 41.9% on the same period last year.
The Central Bank of Iran said on its website that individual borrowers accounted for 9,031.3 trillion rials ($21.6 billion) or 30.03% of the total and 20,760.3 trillion rials ($48.2b) went to businesses.
Loans to individuals increased by 48.2% year-on-year, and to companies was 39.3% higher.


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