Private banks support the country’s economic sectors

According to the statistics of the Association of Private Banks and Credit Institutions, from the beginning of this year to the end of August this year, a total of 3,378,122 billion rials in facilities in 6 groups including agriculture, industry and mining, housing and construction, trade, services and miscellaneous sectors by Banks and private credit institutions have been paid.

According to statistics and information published on the Central Bank’s website regarding the facilities granted by economic sectors and the purpose of receiving them in the entire banking network, the share of banks and private credit institutions in payment facilities has reached about 37%.

Also, payment facilities in the form of working capital to economic sectors during the first 5 months of this year amounted to 2 million 329 thousand 663 billion rials, equivalent to 69% of the total payment facilities of banks and private credit institutions.

Also, in order to support banks and private credit institutions to entrepreneurs and producers from a total of one million and 13 thousand billion rials, payment facilities in the industry and mining sector, equivalent to 78% (790 million and 276 billion rials) only to provide working capital. Paid malls. This point shows the special attention and priority of banks and private credit institutions to provide financial resources to various manufacturing and industrial sectors in order to economic prosperity in the country.

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