87088
Bank Lending to Economic Sectors Up 14 Percent
Bank Lending to Economic Sectors Up 14 Percent
Saturday, May 26, 2018

Bank Lending to Economic Sectors Up 14 Percent

Saturday, May 26, 2018

Bank Lending to Economic Sectors Up 14 Percent

Iranian banks and credit institutions allocated 257.2 trillion rials ($6.13 billion) in credits during the first month of the current fiscal year to April 20, which were handed out in the form of 204,935 loans.
According to the Central Bank of Iran’s latest report published on its official website, the amount of loans extended during the month was 33.3 trillion rials ($792.85 million) or 14.9% higher compared with the same period of last year.
As is the norm, the services sector received the biggest portion of loans at more than 115.30 trillion rials ($2.74 billion) during the period. The sector received 112,044 loans.
Once more, the industrial and mining sector was second and received 7,264 loans amounting to more than 73.80 trillion rials ($1.75 billion). It was followed by the trade sector that saw 29,969 loans worth more than 39.45 trillion rials ($939.28 million) delivered to applicants, and the housing and construction sector that obtained 20 trillion rials ($476.19 million) in facilities handed out in the form of 33,167 loans. 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/pGj7kn
05/26/2018
  1. https://goo.gl/zjQ56o
  • https://goo.gl/avbPZL
  • https://goo.gl/GvVooZ
  • https://goo.gl/GMXkTG
  • https://goo.gl/XXYKso

You can also read ...

Gov’t Mulling Creation of Forex Open Market
The government has agreed to consider a business community...
Gioia Tauro, the port from where Gruppo Ventura shipped locomotives to Iran
From its headquarters in Calabria, the poorest, least-...
India Looks to Operationalize Chabahar by 2019
India is trying to make the strategic Chabahar Port in Iran...
Samer al-Khalil
Syria is ready to establish a rail link with Iran through Iraq...
No New Shopping Malls Allowed in North Tehran
Construction permits will no longer be issued for new shopping...
ICJ to Hear Iran’s Lawsuit Against US Over Frozen Assets
The UN's top court will in October hear a case brought by Iran...
Non-Gov't Public Entities Mandated to  Release Financial Reports by Parliament
Iranian MPs have voted to increase financial transparency of...
Smuggled Copper Ingots Seized
Customs officials at Khorasan Razavi Province’s Sarakhs, the...

Add new comment

Trending

Googleplus