Iranian bank loans up 47.2% y/y in Apr-Dec
Loans issued by the Iranian banking system increased by nearly half in the nine months to late December compared to the same period the previous year, according to the latest figures released by the Central Bank of Iran (CBI).
CBI data cited in a Tuesday report by the ISNA news agency showed that state and private banks had disbursed approximately 74.493 quadrillion rials (over $53.9 billion at the open market rate) in loans to customers in the nine months to December 21, an increase of 47.2% from the same period in 2024.
Loans to businesses, including government-controlled companies, accounted for 74.3% of all loans processed by the Iranian banking system during the period, the figures showed.
Households received over 19 quadrillion rials worth of loans, accounting for 25.7% of total credit, according to the CBI data.
Small-scale loans, those below 3 billion rials, including credit card facilities, made up 22.8% of all loans, increasing borrowing access for households, the bank noted.
CBI figures indicated that working capital loans represented 82% of business lending during the period, while a large portion of household loans, nearly 42%, were allocated for purchases of personal and household appliances.
The data also showed that mining and manufacturing companies received 20.447 quadrillion rials in working capital loans from Iranian banks during the nine months to late December.
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