Bank Business Loans Cross $99b
Economy, Business And Markets

Bank Business Loans Cross $99b

Iranian banking system doled out 3,825 billion rials ($99.77 billion) to various business sectors during the nine months to December 21, marking a 43.5% growth compared with the same period of last year. The latest data released by the Central Bank of Iran also show that the services sector accounted for about 40% of the total paid loans during the period, with more than 3 million businesses receiving loans from the banking system. Industries and mining, and trade sectors came next, accounting for 29% and 14% of the loans, respectively. The majority of businesses took out the money to meet their needs for working capital. Working capital loans accounted for 81% of the total credits offered to the industries and mining sector.


Short URL : https://goo.gl/aWgKCP
  1. https://goo.gl/AJCSWQ
  • https://goo.gl/dxEQ7n
  • https://goo.gl/aKJZaz
  • https://goo.gl/aVn25S
  • https://goo.gl/e3JexZ

You can also read ...

These Billions in Deals Can Help Iran Counter Trump
It hasn’t been the investment bonanza Iran hoped for, but the...
BIM Links Up With 82 Foreign Banks
Iran’s Bank of Industry and Mine has set up correspondent...
Iran’s Exports to Syria Double
Iran exported $58 million worth of goods to Syria during the...
BMI Expanding Presence in Iraq
Bank Melli Iran–the country’s biggest commercial lender–is...
Motorola Moto X4 Smartphone Details Leaked by Iranian Distributor
Mobile phone maker Motorola's distributor in Iran has...
Mouteh Gold Mine Output Up 48%
Mouteh Gold Mine produced 136 kilograms of gold ingots during...
Potatoes Sold to 13 Countries
More than 60,550 tons of potatoes worth 448.76 billion ($13.83...
Regulations for Dormant Accounts
In order to improve banks’ financial transparency and prevent...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.