TEHRAN- Iranian banking system has paid 22.45 quadrillion rials (over $63 billion) of facilities to domestic economic sectors in the first seven months of the current Iranian calendar year (March 21-October 22), registering a 45-percent rise from the same period in the previous year, IRIB reported.

According to the spokesperson of the Central Bank of Iran (CBI) Mostafa Ghamari-Vafa, over 84 percent of the mentioned facilities have been provided to owners of businesses and the rest have been paid to natural persons.

Over the past three years, CBI has been collaborating with the Industry, Mining, and Trade Ministry for implementing a program based on which bank facilities are provided to small and medium-sized enterprises (SMEs) and semi-finished projects.

The mentioned facilities are mainly provided for renewing machinery, equipping production units, or completing semi-finished projects.

EF/MA