Iranian Banks' Agricultural Loans Increase 87% in Six Months

Agricultural loans of 2.36 quadrillion rials were used for operating capital. Banks also granted 458 trillion rials to establish agricultural enterprises, develop orchards and cultivated land. The development of the agricultural sector was allocated 97.1 trillion rials, and 72 trillion rials were allocated for non-refundable loans.

During the same period, 65.7 trillion rials were used for personal equipment purchases, 38.7 trillion rials for freelance activities, and 197 billion rials for repair work. The total loans provided by banks and financial institutions in Iran to all sectors amounted to 55.3 quadrillion rials, representing a year-on-year increase of 57.3%.