Economy, Business And Markets

Iranian Banks' Lending Up 16.3% in Q1 2018-19

Bank Lending Up 16.3% in Q1 2018-19Bank Lending Up 16.3% in Q1 2018-19

All banks and credit institutions in Iran allocated 1.17 quadrillion rials ($27 billion) as loans during the first three months of the current fiscal year to June 21, up by 16.3% in comparison with the first quarter of the last fiscal year (March 2017-18), the Central Bank of Iran announced.
Iran’s financial institutions handed out 165 trillion rials ($3.78 billion) during the current year’s first quarter year-on-year, the latest report published by the central regulator on its official website showed. 
The total volume of facilities was handed out in the form of 1.66 million loans.


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.

Add new comment