INSUBCONTINENT EXCLUSIVE:
a 32.9 percent increase compared to the previous year, according to the Central Bank of Iran (CBI).Out of the total, 17 quadrillion rials
($34 billion), or 22.2 percent, went to end consumers, including households, with a portion issued via credit cards
The remaining 59.7 quadrillion rials ($119.3 billion), or 77.8 percent, was allocated to business owners, both corporate and
non-corporate.In the previous year (ending March 2024), total loans amounted to 56.5 quadrillion rials ($113 billion)
Following adjustments by the banking system, the revised figure stood at 57.7 quadrillion rials ($115.4 billion).Among consumer loans, 6.199
quadrillion rials ($12.4 billion), or 36.5 percent, were issued as interest-free emergency loans.In the industrial and mining sector, 20.4
quadrillion rials ($40.9 billion) were allocated for working capital, representing 43.9 percent of total working capital loans across all
This article first appeared/also appeared in https://www.tehrantimes.com
