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  • 22-11-21

    Iranian banking system records 58.5 surge in loans to economic subdivisions

    (MENAFN) According to IRNA, banking system of Iran has given 14.828 quadrillion rials (more than USD353 billion) of facilities to local economic fields during the first seven months of the present Iranian calendar year (March 21-October 22), recording a 58.5-percent increase when compared to the corresponding period of last year.

    Based on the data published by the Central Bank of Iran (CBI), working capital loans given to diverse economic subdivisions in the mentioned time span were more than 9.917 quadrillion rials (about USD236.1 billion), attributing for 66.9 percent of the overall provided facilities.

    Throughout the stated time frame, the nation’s mining and industry sector got more than 3.476 quadrillion rials (about USD82.76 billion) in the type of working capital loans, amounting for 35.1 percent of the overall such services.

    The CBI a month ago had declared that 12.41 quadrillion rials (over USD295.49 billion) of facilities were paid to local economic subdivisions during the first six months of the present Iranian calendar year (March 21-September 22), to record a 57.9-percent increase, up from the same time span of 2020.

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