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Loans to Industrial, Mining Sector Up 8.3%

Loans to Industrial, Mining Sector Up 8.3% Loans to Industrial, Mining Sector Up 8.3%

Banks and credit institutions provided the industrial and mining sector with 1.51 quadrillion rials ($36 billion) worth of loans in the last fiscal year's first 11 months (March 21, 2017-Feb. 19), indicating a 8.3% rise year-on-year, statistics released by the Ministry of Industries, Mining and Trade indicate. About 84.5% of the total figure were allocated as the businesses' working capital, IRNA reported. Banks' total financing of different sectors, including agriculture, mining, housing, trade and services, amounted to 5.19 quadrillion rials ($123.66 billion) during the period.

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