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Iranian Keshavarzi Bank’s credit letter issuance booms in 7M2025

GenevaTimes by GenevaTimes
November 11, 2025
in Europe
Reading Time: 2 mins read
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Iranian Keshavarzi Bank’s credit letter issuance booms in 7M2025
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Economy
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11 November 2025 14:27 (UTC +04:00)


The value of letters of credit issued by Iran’s Keshavarzi Bank surged by 207% in the first seven months of the current Iranian year. The total reached 51.4 trillion rials ($87.2 million), up from 16.7 trillion rials ($28.2 million) in the same period last year. Additionally, the number of letters of credit issued increased from 171 to 282.

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