Bank loans to economic sectors increase nearly 27%

February 14, 2024 - 13:36

TEHRAN- Iranian banking system has paid 43.08 quadrillion rials (about $86.16 billion) of facilities in the first 10 months of the current Iranian calendar year (March 21, 2023-January 20, 2024), registering a 26.9 percent rise from the figure in the same period of the previous year, the Central Bank of Iran (CBI) announced.

As IRNA reported, of the total facilities, 3.508 quadrillion rials (about $70.16 billion) equivalent to 81.4 percent, was paid to the business owners (real and legal), and 8.0 quadrillion rials (about $16 billion) equivalent to 18.6 percent, to the final consumers (households).

During the said period, the share of facilities paid in the form of working capital in all economic sectors was 26.53 quadrillion rials (about $53.06 billion), equivalent to 75.6 percent of the total facilities paid to business owners.

EF/MA