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Industries Financed Mainly by Lenders

Industries Financed Mainly by Lenders  Industries Financed Mainly by Lenders

Banks met nearly 57% of industrial units' capital need in the last Iranian fiscal year (ended March 2019), says a deputy minister of industries. 
"Industries wanted 2,890 trillion rials ($25 billion) for working capital alone last year…the banking system provided 1,640 trillion rials," Saeid Zarandi was quoted as saying by IRNA.
The official blamed rising cost of production and high foreign exchange rates for the wide gap between the loans paid and demand from industries struggling to survive.
"Producer Price Index for the industrial sector is expected to hit 25% by the end of the current fiscal year," he said.

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