Bank loans

Bank loans to knowledge companies up 127% in 10 months over a year

TEHRAN – Loans disbursed by banks to knowledge-based enterprises in the first ten months of the current Iranian calendar year (March 21, 2021-January 20, 2022) were 127% higher than loans disbursed to such enterprises in the same period during the past year.

According to data from the Central Bank of Iran (CBI), Iran’s banking system disbursed 509.4 trillion rials (about $1.959 billion) in facilities to 1,176 knowledge-based companies during the ten-year period. month of this year.

Bank Melli Iran (BMI) accounted for the largest share of paid facilities with 82 trillion rials (about $315.3 million), followed by Bank Saderat Iran (BSI) with 68.6 trillion rials (about $263.8 million dollars) of facilities offered.

The Islamic Republic has drawn up plans to support and empower knowledge-based enterprises as a step towards realizing the goal of the year which is “Production: support and remove barriers”, as the economy struggles against US sanctions.

The law for the promotion and support of knowledge-based enterprises was approved by the Majlis (Iranian parliament) in 2010, paving the way for a boost in the march towards scientific progress.

Over the past two years, the concept of “knowledge-based business” has evolved into “knowledge-based society”, which means that supporting knowledge-based businesses will lead to many social and economic benefits. for the public.

The number of knowledge-based businesses grew from around 50 in 2013 to over 5,700 in the previous Iranian calendar year.

Currently, many knowledge-based companies are active in different fields, ranging from information and communication technologies to health, agriculture and energy.

Various knowledge-based enterprises have made progress in different areas, however, the level of progress in health, ICT, agriculture and energy has been more noticeable. Of course, other sectors such as the automotive industry have so far eliminated many bottlenecks.