Banks’ payment facilities increased to 59%

According to the monetary financial news quoted by the Central Bank, the payment facilities of the banks during the first seven months of 1400 to the economic sectors amount to 14 thousand and 829 thousand billion Rials (amount to 14828.9 thousand billion Rials), which is compared to the same period of the previous year. Five thousand and 474 thousand billion rials (amount of 5474.2 thousand billion rials) (equivalent to 58.5 percent) has increased.

Table 1 shows the purpose of receiving payment facilities in economic sectors during the first seven months of 1400. The share of payment facilities in the form of working capital in all economic sectors during the first seven months of this year is 9,918,000 billion rials (99,178.8 trillion rials), equivalent to 66.9% of the total payment facilities. The share of payment facilities for working capital of the industry and mining sector in the first seven months of this year was equal to three thousand and 477 thousand billion rials (3476.6 thousand billion rials), which indicates the allocation of 35.1% of the resources allocated to capital. The turnover of all economic sectors is 9 thousand 918 thousand billion Rials (the amount of 9917.8 thousand billion Rials).

It is observed that out of four thousand and 398 thousand billion Rials (4397.6 thousand billion Rials) payment facilities in the industry and mining sector, equivalent to 79.1%, the amount of three thousand and 477 thousand billion Rials (amount of 3476.6 thousand billion Rials) in financing It has been paid in circulation, which indicates the attention and priority given to the provision of resources for this sector by banks this year.

Table 1- Purpose of receiving payment facilities in economic sectors during the first seven months of 1400

It is worth noting that in the continuation of the current path, considerations related to controlling inflation should also be taken into account, and one should always be careful about the strength of inflation potential due to the pressure of aggregate demand in the economy. Accordingly, it is necessary to increase the financial capacity of banks by increasing the capital and improving the capital adequacy of banks, reducing non-current facilities and returning them to the correct path of bank lending, increasing bank productivity in working capital, avoiding double pressures on bank assets and Encouraging manufacturing firms to the capital market as an important tool in financing economic (creative) projects paid special attention.