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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.

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