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Bank Loans

  • EghtesadOnline: Parliament voted for a bill on Tuesday based on which compound interest on bank loans that matured by the end of last fiscal year (March 20, 2019) would be eliminated and debtors given until mid-February 2020 to repay their dues.

  • EghtesadOnline: The banking system lent more than 36 trillion rials ($261.8 million) to 1,043 knowledge-based companies during the first half of the current fiscal (March-September), the Central Bank of Iran said.

  • EghtesadOnline: Bank lending increased 3.3% in volume during the four months to July 22, the latest figures showed.

  • EghtesadOnline: Banks and credit institutions allocated a total of 1.67 quadrillion rials (€17.92 billion) to various sectors of the economy during the first four months of the current fiscal year that ended on July 22, the Central Bank of Iran’s data show.