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Iran sees sharp uptick in lending to services sector

GenevaTimes by GenevaTimes
May 12, 2025
in Europe
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Iran sees sharp uptick in lending to services sector
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Iran
Materials
13 May 2025 02:23 (UTC +04:00)


In the first month of the current Iranian year, loans issued by Iranian banks to the services sector rose by 39.2 percent year-on-year, reaching 1.15 quadrillion rials (about $2.05 billion). According to data from the Central Bank of Iran, the majority of the loans were directed toward working capital, followed by funding for new enterprises, development projects, personal product purchases, self-employment, and repair works.

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