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Agro Bank Lending Profile
Agro Bank Lending Profile

Agro Bank Lending Profile

Agro Bank Lending Profile

Bank Keshavarzi—the lender specializing in financing agribusiness—has doled out loans worth over 116 trillion rials ($3 billion) to agricultural sectors during the first tenure of President Hassan Rouhani (2013-17), the bank’s official website reported. Mechanization of agriculture accounted for the lion’s share of banking credits. The capital received by the sector exceeded 44 trillion rials ($1.15 billion), accounting for 37.8% of all bank loans. Khuzestan Province in southwest Iran took the largest portion of loans amounting to 3.6 trillion rials ($94.2 million). Mazandaran and Khorasan Razavi provinces received 2.9 trillion rials ($75.9 million) and 2.7 trillion rials ($70.6 million) of the credit. The next main reasons for extending the loans were “establishment of greenhouses “and “promoting aquaculture “.  The former with 29 trillion rials ($759.1 million) and the latter with 21 trillion rials ($549.7 million) accounted for 24.9% and 18% of the total loans. The lender has also provided 7,600 small- and medium-sized enterprises with 16 trillion rials ($418.8 million) worth of loans. The amount is over 30% of the total lending of the country’s banking system to SMEs.

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