Bank Lending Up 22%
Economy, Business And Markets

Bank Lending Up 22%

The banking sector lent a total of 4.17 quadrillion rials ($137 billion) during the fiscal year that ended on March 19 -- a growth of 22.2% compared to the previous year. A press statement from the Central Bank of Iran Monday shows that 63% of banks’ loans were given to businesses to boost their working capital, a 27.2% year-on-year increase. Services continue to top the list of borrowers and accounted for 38.29% of the total loans, i.e. 1.59 quadrillion ($52.7 billion) rials. Industries and mining sector also took out 1.21 quadrillion rials ($40.2 billion) worth of loans last year, 82.2% of which were paid for meeting the sector’s need for working capital.

Short URL : http://goo.gl/efpRqk
  1. http://goo.gl/MqU1BT
  • http://goo.gl/3ANpor
  • http://goo.gl/ghqXWH
  • http://goo.gl/vrZYU1
  • http://goo.gl/GSSMbw

You can also read ...

To moderate bank interest rates, the central bank has established links with the Securities and Exchange Organization.
CBI Governor Valiollah Seif has named the newly-formed cordial...
The share of Iranian railroads in steel transportation is one-third.
There were high hopes for the Iranian mining industry after...
Interbank Transactions Top $800 Billion
Iranian interbank transactions during the fiscal year to March...
Computer Algorithm Maps Brain for First Time
A US research team for the first time has developed a computer...
CRA’s international director, Alireza Darvishi will participate in the event.
Telecom regulators of 23 countries from the Asia-Pacific will...
Tehran to Host 1st Int’l Halal Confab in December
The First International Halal Conference is scheduled to be...
About 510 million shares valued at $40 million changed hands at TSE on Aug. 20.
Tehran Stock Exchange’s main index gained 61.30 points or 0.07...
Carpet Exports Exceed $70m in 3 Months
Around $74 million worth of machine-woven carpets were...