Economy, Business And Markets

Iran's Sovereign Wealth Fund Allocates $15b to 20 Banks in 4 Months

NDFI Allocates $15b to 20 Banks in 4 MonthsNDFI Allocates $15b to 20 Banks in 4 Months

Iran's sovereign wealth fund entrusted $15 billion in foreign currency resources to state-run and private banks in the first four months of the current fiscal year (March 21-July 22). 
The latest report by the National Development Fund of Iran published on its official website shows that 20 lenders received $14.85 billion that will be handed out to applicants in the form of loans.
"So far, $13.15 billion have been doled out by 17 banks," the report said.


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