BSI Details Lending Profile

Bank Saderat Iran doled out loans worth 232 trillion rials ($6.13 billion) to 212,000 applicants in industries, mining and agriculture sectors in the previous year that ended March 20, 2017, the bank’s CEO said. “The lender also provided 14,800 small- and medium-sized enterprises with 61.8 trillion rials ($1.63 billion) worth of loans, 40.3 trillion rials ($1.06 billion) of which were paid as working capital loans,” Siavash Zera’ati was also quoted as saying by ILNA. Zera’ati also noted that BSI forex operations grew by 74% during the previous Iranian year. The privatized BSI runs the largest banking network in Iran with around 2,500 active branches in Iran and 22 units overseas.