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Iranian Banks Lend $2.5b in 1 Month

Banks Lend $2.5b in 1 Month Banks Lend $2.5b in 1 Month

Banks lent 342 trillion rials ($2.55 billion) during the first month of the current fiscal (March 21-April 20).
The amount indicates 32.9% growth compared to the corresponding period in the last fiscal, the official website of the Central Bank of Iran reported on Saturday. 
It said lenders, including state and private banks as well as credit institutions, gave 227.2 trillion rials ($1.69 billion) to help raise working capital of manufactures and trading companies, accounting for 66.4% of the total loans. 

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