Iran Knowledge-Based Firms Borrow $384m
Banks lent 51.9 trillion rials ($384 million) to 626 knowledge-based companies by the end of the third quarter of the current fiscal on December 21.
According to data published on the Central Bank of Iran website, each company on average borrowed 83 billion rials ($615,000) during the period.
Private banks and credit institutions gave 19.8 trillion rials ($147 million) followed by privatized banks at 19.1 trillion rials ($141 million), accounting for 38% and 37% of the total lending respectively. State companies contributed 12.9 trillion rials or 25% of the total.
A large portion of the loans came from Bank Saderat Iran and Bank Mellat. By the end of Q3, BSI had paid 9.9 trillion rials and the share of Mellat was 8.5 trillion.
In annual terms, the statistics show aggregate loans to knowledge-based companies reached 69.8 trillion rials during the period from Dec.21 2017 to Dec.21 2018. Privatized banks, private banks, credit institutions and state banks paid 27.2 trillion rials, 25.2 trillion rials, and 17.4 trillion rails respectively.
According to the regulator, the total loan balance for knowledge-based companies by the end of Q3 was 70.1 trillion rials ($520 million). The current balance amounted to 53.2 trillion rials ($393 million), accounting for about 75% of the total loan balance.
source: Financial Tribune
Top News
Five last month
Two last year
Glencore posts lower metals output for first nine months, reiterates outlook
Mercuria eyes equity in African assets, new metals boss says
Gold price surge adds glitter to tarnished miners
Traders see gold as a surefire bet as coin-toss election looms
Gold price shows little reaction to jobs data
Anglo American sells Australian coal JV stake for $1.1 billion
Environmentalists sue over US approval of ioneer’s Nevada lithium mine
Euro Sun, Glencore enter MOU for offtake on Rovina Valley project
Ecuador to reopen mining register for first time in over six years
St Barbara raises $73m to fast-track Simberi sulphide production
Copper price sees biggest drop since May as Trump’s win boosts dollar
Sibanye agrees wage deal for its gold operations, union says
China’s industry ministry plans to step up lithium, cobalt, nickel exploration
Liberty Gold advances Black Pine project permitting
China zinc smelter group sets processing fees for Q1 2025
Brazil prepares to remove illegal Amazon gold miners from Munduruku land
Anglo American sells Australian coal JV stake for $1.1 billion
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Ecuador to reopen mining register for first time in over six years
St Barbara raises $73m to fast-track Simberi sulphide production
Copper price sees biggest drop since May as Trump’s win boosts dollar
Sibanye agrees wage deal for its gold operations, union says
China’s industry ministry plans to step up lithium, cobalt, nickel exploration
China zinc smelter group sets processing fees for Q1 2025
Brazil prepares to remove illegal Amazon gold miners from Munduruku land
Anglo American sells Australian coal JV stake for $1.1 billion
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Ecuador to reopen mining register for first time in over six years