Increase in Lending to Knowledge-Based Firms

EghtesadOnline: The Central Bank of Iran said banks and credit institutions gave 897.1 trillion rials ($2.32 billion) to knowledge-based companies in the first eight months of the current fiscal year (ends March 2023), up 122.6% from last year.

News ID: ۷۵۲۱۵۶

28 December 2022

The Central Bank of Iran said banks and credit institutions gave 897.1 trillion rials ($2.32 billion) to knowledge-based companies in the first eight months of the current fiscal year (ends March 2023), up 122.6% from last year.

The loans went to 1,700 firms reflecting the inclination of the banking sector to support the rising number of knowledge economy, the CBI said on its website.

The regulator has pledged to increase support to startups, saying new measures will be announced to help ease collateral such firms need for borrowing.