Irans Sovereign Wealth Fund Allocates $15b to 20 Banks in 4 Months (01 August 2018)
Iran"s sovereign wealth fund entrusted $15 billion in foreign currency resources to state-run and private banks in the first four months of the current fiscal year (March 21-July 22).
The latest report by the National Development Fund of Iran published on its official website shows that 20 lenders received $14.85 billion that will be handed out to applicants in the form of loans.
"So far, $13.15 billion have been doled out by 17 banks," the report said.
Source: Financial Tribune - Date: (01 August 2018)