Karafarin Bank Facilities Grow by 123%

According to the latest economic reports and statistics released by the Central Bank of the Islamic Republic of Iran (CBI) facilities granted by Karafarin Bank in spring of this year grew by more than 123% compared to the similar period in the previous year.
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. 

Karafarin Bank Facilities Grow by 123%

Facilities Grow by 123%

 
Publish Date: Oct 30, 2021