Bank loans post 30% growth

Financial Tribune – Banks and credit institutions paid 6,262.7 trillion rials ($47 billion) in loans during the first nine months (March 20-Dec 21, 2019) of current fiscal year.

The loans increased by 1,438.7 trillion rials ($11 billion) compared to the same time last year to post an annual 29.8% growth, the Central Bank of Iran reported on its website.

As reported earlier, loans given to help boost working capital of manufactures amounted to 3,408.4 trillion rials ($25.6 billion), accounting for 54.4% of all loans.