Bank Loans Hit €18 Billion in 4 Months

Banks and credit institutions allocated a total of 1.67 quadrillion rials (€17.92 billion) to various sectors of the economy during the first four months of the current fiscal year that ended on July 22, the Central Bank of Iran’s data show.
According to the latest report published on the regulator’s official website on Monday, the figure was higher by 138.2 trillion rials (€1.48 billion) or 9% when compared to the corresponding period of the previous year. The figure was handed out in the form of about 2.47 million loans.
As always, the services sector was at the top of the list of loan receivers with about 1.41 million loans worth a total of about 691.61 trillion rials (€7.42 billion). It was followed by the industry and mine sector that received about 468.36 trillion rials (€5.02 billion) in the form of 75,454 loans.