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Loans

  • 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.

  • EghtesadOnline: Out of 533,752 businesses that registered at Kara.mcls.gov.ir and were introduced to the banks to receive government-backed coronavirus financial support, 365,841 businesses (70% of the total) have received their loans as of Nov. 30, while the documents and collaterals of the rest are under review, the Central Bank of Iran reported.

  • EghtesadOnline: The government on Saturday extended the repayment deadline for troubled loans to the current fiscal yearend (March 19), the vice president for economic affairs said.

  • EghtesadOnline: The National Development Fund of Iran, the country's sovereign wealth fund, has deposited 10 trillion rials ($40 million) with the Capital Market Stabilization Fund to be invested in the stock market.