Business And Markets

Tehran Keeps on Borrowing

Tehran Keeps on Borrowing Tehran Keeps on Borrowing

Central bank data says total lending by the banking system reached 13.23 quadrillion rials ($89.4 billion) during the 12 months to July 22.The figure was 29% higher year on year.
The amount was 5.2% higher compared to the end of last year (March 20), Iranian Bank & Economy News Agency reported.
Accordingly, the biggest share of the loans went to Tehran at 8.61 quadrillion rials ($58.22 billion), 


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