Some $18 billion were paid to the services sector, mostly to cover their cash needs.
Some $18 billion were paid to the services sector, mostly to cover their cash needs.

Bank Lending Up 37%

Bank Lending Up 37%

The Iranian banking sector’s total loans doled out to businesses stood at 1.3 quadrillion rials ($41.9 billion) in the four Iranian months that ended July 20, marking a 37.8% growth compared with the same period of last year.
The latest data released by the Central Bank of Iran indicate that 7.7% of bank lending was in the form of startup business loans during the period, whereas working capital loans accounted for 67.8% of the total.
Of the total loans, 560.9 trillion rials ($18 billion) were paid to the services sector, mostly to cover their cash needs. Industries and mining sector took out some 375.7 trillion rials ($12.1 billion), 88.1% of which were aimed at addressing their working capital need.  
Banks also paid 105.3 trillion rials ($3.4 billion) to the housing and construction sector, 40% of which were in the form of mortgages. Home renovation mortgages accounted for 10.8% of all the loans allocated to the housing sector.


Short URL : http://goo.gl/NO4Ycd
  1. http://goo.gl/C0fRND
  • http://goo.gl/JhJYD1
  • http://goo.gl/PKqA4G
  • http://goo.gl/WfkIC8
  • http://goo.gl/jS2fz3

You can also read ...

Alcatel’s Android Go Cellphone in the Offing
Two of the phones Alcatel revealed last month will be coming...
NASA Seeks Help to Check Satellites
NASA is asking all cloud gazers to snap photos of the sky and...
Iran has signed a contract with China Railway Group Limited in 2015 to build a 415-km (260-mile) high-speed north-south rail line between Tehran and Isfahan via Qom.
The Economy Ministry sold 2 trillion rials ($41.6 million) of...
Banque Delubac Ready to Service Iranian Businesses
Executives with Banque Delubac and Cie, an independent French...
Trade With Afghanistan Tops $2b
Iran and Afghanistan exchanged 5.32 million tons of non-oil...
$92m Worth of Gov’t Debts to Be Cleared in Swap Deal
The government has decided to clear over 4.45 trillion rials...
Iran-Lithuania Trade Falls 44% in 2017
Trade between Iran and Lithuania stood at more than €11.1...
Gov’t, Workers, Employers Deadlocked in Setting Minimum Wage
With only a day left for the Supreme Labor Council to set the...