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$20m in Loans to Help Revive Inactive Mines

EghtesadOnline: An agreement has been signed between the Ministry of Industries, Mining and Trade, Bank of Industry and Mine, and Mining Investment Insurance Corporation (MICO), based on which loans worth 6 trillion rials ($20 million) will be extended to help revive inactive mines across Iran.
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Publish Date:12/October/2020 | 20:00

In 5 Months Banks Lend $18 Billion

EghtesadOnline: Banks and credit institutions paid 5,060.8 trillion rials ($18 billion) in loans to businesses in the first five months of the current fiscal year (March 20-August 21).
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Publish Date:29/September/2020 | 14:22

Reservations About NDFI Loan Mechanism

EghtesadOnline: The central bank will resist attempts to pay the rial equivalent of loans taken from the National Development Fund of Iran in bid to avoid overburdening the bank’s balance sheet by printing money.
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Publish Date:26/September/2020 | 13:35

Iran Gov’t New Housing Scheme: 65,000 Applicants Seeking Loans

EghtesadOnline: Atotal of 65,000 applicants have opened accounts with designated banks of the government-sponsored “National Housing Initiative” so far and 38,000 of them have made the initial payment of between 300-400 million rials [$1,165-1,554], says an official with Bank Maskan, the state agent bank of the housing sector.
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Publish Date:12/September/2020 | 13:21

Bank Maskan Granted $77m in Loans Under Youth Savings Account

EghtesadOnline: Bank Maskan has offered close to 70,000 loans worth 19,000 billion rials ($77 million) under the Youth Savings Account from the Iranian year ending March 2006 until now, Hibna, the news portal of the state agent bank of the housing sector reported.
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Publish Date:07/September/2020 | 13:12

Security Deposit Assistance Loans Gaining Traction

EghtesadOnline: Deputy Minister of Roads and Urban Development Mahmoud Mahmoudzadeh says 330,000 out of 410,000 people who have applied for security deposit assistance loans meet eligibility requirements set forth by the ministry.
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Publish Date:06/September/2020 | 24:25

Banks to Use Justice Shares as Collateral for Loans : HCSE

EghtesadOnline: Banks will start issuing credit cards for owners of the so-called Justice Shares in the coming week, using the shares as collateral, a member of the High Council Securities and Exchange said.
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Publish Date:26/July/2020 | 14:18

Application for Airlines' Bailout Loans Opens

EghtesadOnline: Application for 24,000 billion rials ($136 million) in coronavirus bailout loans for airlines and other aviation sectors opened at the Ministry of Cooperatives, Labor and Social Welfare’s Kara.mcls.gov.ir on June 1.
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Publish Date:06/June/2020 | 10:27

Loans to Businesses Up 26%

EghtesadOnline: Banks lent 9,750 trillion rials ($62.9 billion) to businesses in the last fiscal year (March 2019-20), which was up by 2,012 trillion rials or 26% compared to the year before.
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Publish Date:30/April/2020 | 06:00

2 Businesses Top List of Borrowers

EghtesadOnline: A CBI report shows that more than half of the loans given by Iranian banks and credit institutions were in the form of civil partnership and installment sale contracts.
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Publish Date:19/February/2020 | 05:03

Iran's CB to Help Lift Stock Market

EghtesadOnline: Following sharp falls in the Tehran stock markets throughout last week, a senior bank official spoke about a plan to help support the market by granting loans to investors for purchasing shares.
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Publish Date:11/January/2020 | 24:26

Bigger Loans Granted for Modern Home Construction in Iran

EghtesadOnline: Loans worth 1,700 million rials ($13,000) will be granted to home builders who choose to use non-traditional construction methods based on new technologies this year (March 2019-20).
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Publish Date:28/December/2019 | 13:04

Banks Lend $40b in 8 Months

EghtesadOnline: Banks and credit institutions paid 5,313 trillion rials ($40.8 billion) in loans in the first eight months of current fiscal year to Nov.21.
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Publish Date:25/December/2019 | 10:38

Recapitalization of Industries Tops List of Borrowers

EghtesadOnline: Loans to raise working capital of industrial units had a 72% share of the total loans given to mining and industrial companies in the first seven months of the current calendar year to Oct. 22.
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Publish Date:15/December/2019 | 13:05

Central Bank of Iran Lends Tech Firms $500 Million

EghtesadOnline: The Central Bank of Iran has offered 70 trillion rials ($500 million) in loans since the beginning of the current Iranian year (March 21) to help emerging startups and knowledge-based companies flourish, the CBI chief says.
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Publish Date:11/December/2019 | 09:56

$113m State-Backed Loans for , Technological Firms

EghtesadOnline: Since March 2018, Iran National Innovation Fund has offered loans and aid packages to the tune of 13 trillion rials ($113 million) to Iranian startups and tech firms, a deputy at INIF said on Tuesday.
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Publish Date:09/November/2019 | 13:37

Iran National Development Fund to Offer Loans to Rural Tech Firms

EghtesadOnline: In line with the state-backed policy to accelerate the growth of knowledge-based firms and startup ecosystems in Iran, cheap loans will be offered to eligible companies and emerging enterprises in less-developed villages.
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Publish Date:02/November/2019 | 11:41