Iran loans

EghtesadOnline: Banks and credit institutions provided the industrial and mining sector with 1.51 quadrillion rials ($36 billion) worth of loans in the last fiscal year's first 11 months (March 21, 2017-Feb. 19), indicating a 8.3% rise year-on-year, statistics released by the Ministry of Industries, Mining and Trade indicate.

EghtesadOnline: Statistics published by the Central Bank of Iran show that in the first half of the current Iranian year to Sept. 22, banks and credit institutions –mostly privatized lenders–loaned 13.55 trillion rials ($307.9 million) to knowledge-based companies.

EghtesadOnline: In a letter, the Central Bank of Iran’s Governor Valiollah Seif has called on all governors across the country to undertake strict and effective supervision over how bank loans are allocated to optimize the process of boosting small- and medium-sized enterprises and their productivity.

EghtesadOnline: According to Iranian banking system’s projections for the fiscal year to March 20, 2018, small- and medium-sized enterprises will receive up to 500 trillion rials ($) worth of loans, which account for 7.5% of the value of all loans earmarked for economic sectors during the year.

EghtesadOnline: The Iranian government is extending financial support to tackle industrial recession.

EghtesadOnline: As many as 11,232 small- and medium-sized enterprises have received an aggregate of 79 trillion rials ($1.97 billion) in loans during the 10 months to January 19, 2017, according to the chairman of Iran Small Industries and Industrial Parks Organization.

EghtesadOnline: The Iranian banking sector’s ratio of non-performing loans stood at 11% by September 20, down from 13.6% in September 20, 2014, the Central Bank of Iran’s governor announced.