Lending of Banks Reaches $51b in 1 Year

Iran's banks lent more than 7,737 trillion rials ($51.7 billion) in the previous fiscal (ended March 20).  The amount was up 26% compared to the year before. 
A report released by the Central Bank of Iran indicates that lenders, including state and private banks as well as credit institutions, gave 4,319 trillion rials ($30.31 billion), or 55.8% of the total amount to help raise the working capital of manufactures and trading companies. 
 Compared to the same period a year ago, the volume of loans for augmenting working capital was 531 trillion rials ($3.72 billion) -- up 14%.