KIAN DEBT MARKET OBSERVER

Increase in bank loans, compared to the same period last year

According to the Deputy Minister of Roads and Urban Development, nearly 10 percent of IRR 120 thousand bn government debt to contractors is due to this office and will be settled by the end of the year through issuing Musharakah papers.

The volume of facilities paid by the banking system during the first eight months of this year increased by 9.9% to IRR 3,574 tr (USD 85 bn)* compared to the same period last year.

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