Business And Markets
0

Banks Lend $42 Billion in 10 Months

Banks Lend $42 Billion in 10 Months Banks Lend $42 Billion in 10 Months

In the first ten months of the current fiscal to January 20, lenders granted 5,380 trillion rials ($ 42 billion) in loans, up 757 trillion rials ($6 billion) compared to the same period in the previous fiscal – a 16.4% growth.   
Data released by the Central Bank of Iran indicates that the loans were paid to 7.8 million applicants during the ten months. The service sector holds the lion’s share in terms of both value and volume of loans, attracting 2,196 trillion rials ($17.2 billion) via 4.4 million entities. 
This group is followed by mine and industry sector that took 1,538 trillion rials ($12.1 billion). 

Premium

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

Financialtribune.com