Date: 23 December 2016 , 00:00
News ID: 730
NEWS SERVICE: ECONOMY and TRADE

Bank Lending Up 48%

The banking sector lent 3.26 quadrillion rials ($82.7 billion) to 5.3 million applicants during the eight months ending Nov. 20, marking a 48.4% growth compared with the same period of last year, the Central Bank of Iran’s data show.
Bank Lending Up 48%

Almost 65% of the loans were paid to businesses for meeting their need for working capital, whereas startup business loans accounted for 9% of the extended capital during the eight-month period. About 2.7 million businesses active in the services sector received 1.32 quadrillion rials ($40.8 billion), which are higher than those extended to other sectors. Loans for industrial and mining sector amounted to 928.4 trillion rials ($23.5 billion) during the period. The amount was paid to 203,185 industrial units. Working capital loans accounted for 84% of the total money doled out to the industrial and mining sector.

source: Financial Tribune
Central Bank of Iran Mining Sector
Top News
Sibanye-Stillwater liable for damages to Appian for .2 billion scrapped mine deals
Sibanye-Stillwater liable for damages to Appian for .2 billion scrapped mine deals
One last month
Mobarakeh Steel Co. record holder in quantitative and qualitative production
Mobarakeh Steel Co. record holder in quantitative and qualitative production
Six last month
"Sustainability and innovation in production and development, excellence in culture", the orientation of Mobarakeh Steel Co. to realize the motto of 2024
Six last month
Gianpietro Benedetti, Chairman of Danieli Group, passes away
Gianpietro Benedetti, Chairman of Danieli Group, passes away
Six last month
The entrepreneur Gianpietro Benedetti has died, he was 81 years old
The entrepreneur Gianpietro Benedetti has died, he was 81 years old
Six last month
The President visited the Sungun Copper Complex
The President visited the Sungun Copper Complex
Two last year
Most Like