Economy, Business And Markets
0

$1.13b in Loans for Knowledge-Based Firms

$1.13b in Loans for Knowledge-Based Firms $1.13b in Loans for Knowledge-Based Firms

Iran’s banks and credit institutions allocated a total of 50 trillion rials ($1.13 billion) to knowledge-based firms in a little more than one year, the Central Bank of Iran announced.
A recent report published on the official website of the central regulator indicates that the amount–50.08 trillion rials to be exact–was handed out to the companies in the first quarter of the current fiscal year (March 21-June 21). 
The final month of the aforementioned period saw the highest volume of loans doled out at about 7.43 trillion rials ($168.63 million) and the lowest per-month loan allocation belonged to the final month of the previous summer at about 2.20 trillion rials ($49.93 million).
Central bank data show that privatized banks bore the highest portion of the lending responsibility, as they allocated about 23.60 trillion rials ($535.63 million) to tech-based firms in the 13-month period. They were trailed by private banks and credit institutions at about 14.82 trillion rials ($336.36 million) and state-run lenders at about 11.65 trillion rials ($264.41 million).

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.

Add new comment

Financialtribune.com