Shorouk Express
BAKU, Azerbaijan, July 4. Loans granted by
Iranian banks in the service sector grew by 39.2 percent in the
first two months of the current Iranian year (from March 21 through
May 21, 2025) compared to the same period last year (from March 20
through May 20, 2024).
The data obtained by Trend from the Central Bank of Iran shows that in the
reporting period, Iranian banks granted loans worth approximately
2.98 quadrillion rials (nearly $4.96 billion) in the service
sector, while in the same period last year, this figure amounted to
2.25 quadrillion rials (roughly $3.75 billion).
During the first two months of this year, loans granted as
working capital in the service sector of Iran reached 2.24
quadrillion rials (circa $3.74 billion).
In the two months, Iranian banks have provided loans worth 565
trillion rials (about $942 million) for the establishment of
enterprises and facilities in the service sector.
Besides, loans worth 96 trillion rials (about $160 million) were
provided for the development of the service sector and 34.2
trillion rials (about $57 million) for the purchase of personal
products.
During the mentioned period of this year, Iranian banks provided
loans worth 24.9 trillion rials (about $41.5 million) for
self-employment in the service sector, 7.18 trillion rials (about
$12 million) for the implementation of necessary work, and 4.03
trillion rials (about $6.7 million) for repair work.
Overall, in the two months, banks and financial institutions in
Iran issued loans worth approximately 8.5 quadrillion rials (around
$13.7 billion) in various sectors. Loans issued in two months
increased by 48.3 percent compared to the same period last
year.
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