Economy, Business And Markets
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Capital Market Financing Triples in One Year

Capital Market Financing Triples in One YearCapital Market Financing Triples in One Year

Economy Minister Ali Tayyebnia said financing by securities markets more than tripled in the last Iranian year (March 2015-16).

Tehran Stock Exchange and the Iran Fara Bourse over-the-counter market increased their share of financing in Iran to 1,000 trillion rials ($28.5 billion at market exchange rate) last year from 300 trillion rials ($8.5 billion) the year before, SENA reported.

The sale of 185 trillion rials ($5.2 billion) of debt securities was a key factor contributing to the growth. However, despite all that growth, the Iranian financial system still heavily relies on banks for financing businesses, nearly 90% of all funding come from banks.

 

Financialtribune.com