Facilities granted by the whole Iranian banking sector and the private banks in June of this year grew by 51% and 65% respectively, whilst Karafarin Bank successfully boosted the volume of its facilities by over 123%, Public Relations reported. It is noteworthy that Karafarin Bank’s loans to deposits ratio stood at 82% in June and that this bank focuses on banking operations rather than other, nonbanking operations such as investment. Hence, this bank has mainly granted loans to manufacturers, and service providers, in order to help stimulate the economy and Iran’s manufacturing output.