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FinancialNews


  • 17-07-21

    Iranian banking system pays USD118.4B of facilities to domestic economic sectors

    (MENAFN)According to IRNA, in the first quarter of this Iranian year, Iranian banking system paid 4.976 quadrillion rials (USD118.4 billion) of facilities to domestic economic sectors, recording a 71.3-percent improvement from the last year same time span.

    Banks paid 2.71 quadrillion rials (USD49.32 billion) of facilities to a number of economic sectors in the last calendar year’s first three months, the data provided by the Central Bank of Iran (CBI) reported.

    Working capital loans paid to several economic sectors in the stated period were more than 3.466 quadrillion rials (about USD82.53 billion), amounting at 69.6 percent of the total provided facilities, the report added.

    The country’s mining and industry sector took more than 1.269 quadrillion rials (about USD30.23 billion) in the form of working capital loans, to stand at 36.6 percent of the total such facilities.

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