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Iran Bank Loans Top $100b in 10 Months

Bank Loans Top $100b in 10 MonthsBank Loans Top $100b in 10 Months

Banks and credit institutions doled out more than 4.62 quadrillion rials ($102.66 billion) in loans to various sectors of the economy during the first 10 months of the current fiscal year to Jan. 20, the latest data by the Central Bank of Iran show.
According to statistics published by the regulator on its website, the number indicates an 8% increase or 344.1 trillion rials ($7.62 billion) when compared with the same period of last year.
The figure was allocated in the form of more than 7.33 million loans while at more than 2.87 quadrillion rials ($63.77 billion), a majority of the facilities were given in the form of working capital to signify a 62.2% share. 

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