7 Apr 2025
Wednesday 20 February 2019 - 15:27
Story Code : 339308

Banks lend $42 billion in 10 months

Financial Tribune - In the first ten months of the current fiscal to January 20, lenders granted 5,380 trillion rials ($ 42 billion) in loans, up 757 trillion rials ($6 billion) compared to the same period in the previous fiscal � a 16.4% growth.

Data released by the Central Bank of Iran indicates that the loans were paid to 7.8 million applicants during the ten months. The service sector holds the lion�s share in terms of both value and volume of loans, attracting 2,196 trillion rials ($17.2 billion) via 4.4 million entities.

This group is followed by mine and industry sector that took 1,538 trillion rials ($12.1 billion).
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