Bank loans to agriculture sector rise 35% in 5 months on year

September 3, 2018

TEHRAN – The value of facilities that Iranian banking system paid to the agriculture sector rose 35.1 percent during the first five months of current Iranian calendar year (March 21-August 22), the managing director of Iran’s Keshavarzi Bank (literally meaning Agriculture Bank) announced in a press conference on Sunday.

Ruhollah Khodarahmi said 150 trillion rials (about $3.5 billion) of loans have been paid for implementation of 361 agricultural projects in the country, IRNA reported.

MA/MA

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