Massive Surge in Marriage Loans Last Year

The Central Bank of Iran has published statistics announcing the volume of marriage loans allocated by the banking system from the fiscal March 2009-10 up to the end of the last fiscal year (March 20, 2017).In 2009, Iranian banks handed out some 20 trillion rials ($533.3 million) in marriage loans, increasing the amount of loans to 111.3 trillion rials (2.96 billion) by March 20, 2013. During this period, 191.3 trillion rials ($5.09 billion) were paid out, with the last year accounting for the highest volume of marriage loans, amounting to 98 trillion rials ($2.613 billion).