Services Top Borrower
Economy, Business And Markets

Services Top Borrower

Banks lent a total of 2.19 quadrillion  rials ($72.9 billion) by the end of the eight month of the Iranian fiscal year (October 21), an increase of 6.3% or 129.5 trillion rials ($4.3 billion) compared to the same period last year. Central Bank of Iran data published on Wednesday, shows that the services sector still tops the list of borrowers as it received 825 trillion rials ($27.3 billion), marking a year-on-year growth of 0.9%. Industries and mining, and housing sectors accounted for 29.2% and 10.5% of the total loans. Almost 1.39 quadrillion rials ($46.1 billion) in loans or 63.3% of the total lending, was offered to help meet the pressing liquidity needs of businesses -- an 11.5% annualized growth.

Short URL : http://goo.gl/9IO5gL
  1. http://goo.gl/dbjwUo
  • http://goo.gl/pqSIh0
  • http://goo.gl/5jnocj
  • http://goo.gl/8gL3bM
  • http://goo.gl/rUaNkD

You can also read ...

Relations with banks from China, the UAE and Turkey had recently hit snags.
A senior Iranian official announced that there are no...
Forex ETS to Expedite Rate Unification
The Central Bank of Iran’s Exports Department has sought to...
Iran signed a $650-million contract with the world’s largest shipbuilding company Hyundai Heavy Industries Company in December for the South Korean firm to build four 14,400 TEU container ships and six 50,000 DWT product tankers.
South Korea was Iran's fourth biggest export destination (...
Production of  the plug-in hybrid Polestar 1, will be launched in mid-2019.
Volvo is creating a new electric vehicle brand that aims to...
Gov’t Sends AML/CFT Amendments to Majlis
President Hassan Rouhani has presented two bills for making...
Kerman Motor assembled 4,217 Hyundai cars during the first seven months of the current fiscal that ends in March 2018.
Local automaker Kerman Motor is trying to shift focus from its...
Gold Coin  Hits Record
Gold coin prices recorded multiple rallies in the past month...
100 Foreign Firms to Attend Iran Investment Forum
Some 100 companies from China, Germany, Denmark, Finland,...