Loans
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Bank Maskan Loans Surge by 46% to $767m in 7 Months
EghtesadOnline: Bank Maskan, the state agent bank of the housing sector, paid 201,360 billion rials ($767 million) in loans during the first seven months of the current fiscal year (March 20-Oct.…
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$115m in Loans for Job Creation in H1
EghtesadOnline: A total of 559 loans worth 32,312 billion rials ($115 million) were paid to industrial and mining units in the first half of the current fiscal year (March 20—Sept. 21).
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SMEs, Projects Receive $140m in Loans in H1
EghtesadOnline: A total of 1,535 small- and medium-sized enterprises and projects with a progress of over 60% received an aggregated of 39,000 billion rials ($140 million) in loans during the…
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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…
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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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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…
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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…
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CBI Expedites Security Deposit Loans to Home Renters
EghtesadOnline: A total of 2,358 accounts have been opened with designated banks for security deposit assistance loans.
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36 Percent of Home Sales Financed by Bank Maskan
EghtesadOnline: Thirty-six percent of all homebuyers in the first four months of the current fiscal year (March 20-July 21) used Bank Maskan loans to finance their homes.
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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,…
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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…
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Cheap Loans for Artists
EghtesadOnline: Minister of Culture and Islamic Guidance Seyyed Abbas Salehi said a total of 1,200 billion rials ($5.26 million) in cheap loans will be paid to 75,000 artists next month.
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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…
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Government Rolls Out Security Deposit Loans for Home Renters
EghtesadOnline: The government has unveiled its coronavirus aid package for home renters.
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List of Businesses Eligible for Pandemic Loans Gets Longer
EghtesadOnline: The Central Bank of Iran expanded the list of businesses directly hit by the coronavirus pandemic, which are eligible to receive government-backed loans.
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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…
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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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As Coronavirus Takes Toll; Businesses Given 3-Month Grace Period
EghtesadOnline: The Money and Credit Council -- the top finance and banking policymaker -- agreed on Wednesday to postpone repayment of loans to mitigate the effect of new coronavirus on businesses.
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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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Bank Melli Lends $7 Billion in 10 Months
EghtesadOnline: Bank Melli Iran, the biggest state-owned lender, gave 952 trillion rials ($7.1 billion) in loans over ten months since the beginning of current fiscal year that ends in March.
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Bank Loans Post 30% Growth
EghtesadOnline: Banks and credit institutions paid 6,262.7 trillion rials ($47 billion) in loans during the first nine months (March 20-Dec 21, 2019) of current fiscal year.
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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…
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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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16,500 Work at Home Jobs Created in H1
EghtesadOnline: A total of 9,500 people received loans for home-based businesses in the first half of the current year (March 21-Sept. 22), which led to the creation of 16,500 new jobs, says…
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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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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…
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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…
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Loans for Buying E-Bikes
EghtesadOnline: In a push to promote electric motorcycles, Tehran Municipality, jointly with the state-backed Omid Entrepreneurship Fund, will extend cheap loans to e-bike buyers, covering 80%…
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$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…
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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…