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Banks Boost Lending

EghtesadOnline: Banks paid an estimated 29,719 trillion rials ($69.1 billion) in loans in the first nine months of the current fiscal year (ends in March) – up 41.9% on the same period last year.

Banks paid an estimated 29,719 trillion rials ($69.1 billion) in loans in the first nine months of the current fiscal year (ends in March) – up 41.9% on the same period last year.

The Central Bank of Iran said on its website that individual borrowers accounted for 9,031.3 trillion rials ($21.6 billion) or 30.03% of the total and 20,760.3 trillion rials ($48.2b) went to businesses.

Loans to individuals increased by 48.2% year-on-year, and to companies was 39.3% higher.

Banks lending