Bank loans to economic sectors increase over 49%

October 21, 2022 - 16:21

TEHRAN - Iranian banking system paid 19.54 quadrillion rials (over $67.8 billion) of facilities to domestic economic sectors in the first six months of the current Iranian calendar year (March 21-September 22), registering a 49-percent rise from the same period in the previous year, Mehr News Agency reported.

According to the data provided by the Central Bank of Iran (CBI), working capital loans accounted for 67 percent of the total provided facilities.

CBI has defined supporting production as one of its major plans over the past two years.

The bank’s plans take two major approaches, one of which is to secure finance for production activities and also to provide the working capital needed for such activities.

EF/

Leave a Comment