EghtesadOnline: Four local banks have reached a multilateral deal with the state-backed Iran National Innovation Fund to provide low-interest loans worth 10 trillion rials ($37 million) to emerging knowledge-based firms and startups.
EghtesadOnline: Home renovation loans in underdeveloped urban areas have been paid to 21,348 applicants since March 2019 up until now, Mohammad Hassan Alamdari, an official with Bank Maskan, the state agent bank of the housing sector, says.
EghtesadOnline: As per the Budget Law for the fiscal 2021-22, all banks and credit institutions must pay construction loans for a total of 1.2 million residential units in the current Iranian year that started on March 21, says Deputy Roads Minister Mahmoud Mahmoudzadeh.
EghtesadOnline: The parliament has approved parts of the fiscal 2021-22 budget bills, based on which newlywed couples can receive marriage loans worth up to 1 billion rials ($4,000) next year.
EghtesadOnline: Non-performing loans of Iranian banks and credit institutions were worth 1,770 trillion rials ($7 billion) by the end of the second quarter of the current fiscal year (Sept. 21), the latest data published by the Central Bank of Iran show.
EghtesadOnline: Mazandaran Province’s agriculture sector received a total of 30 trillion rials ($125 million) in bank loans during the first 10 months of the current Iranian year (March 20, 2020-Jan. 19), according to an executive with the Agriculture Bank of Iran, also known as Agribank.
EghtesadOnline: The state-backed Omid Entrepreneurship Fund has paid 28 trillion rials ($112 million) in loans to small- and medium-sized enterprises, knowledge-based companies and startups since the beginning of the current Iranian year (March 2020).
EghtesadOnline: Banks and credit institutions gave 12,199.4 trillion rials ($53 billion) in loans to economic sectors in the nine months since the beginning of the current fiscal year (March 20-Dec.20, 2020).
EghtesadOnline: Bank Maskan, the state agent bank of Iran’s housing sector, paid a total of 1.47 million loans worth 257,800 billion rials ($1.12 billion) to applicants during the nine months to Dec. 20, 2020, registering a 43% growth in value compared with the same period of the year before.
EghtesadOnline: Those engaged in transportation, tourism and handicraft industries, as well as sports and culture and arts will receive a new round of coronavirus loans worth upwards of 80,000 billion rials ($307 million), says Isa Mansouri, deputy minister of cooperatives, labor and social welfare.