Commercial Banks’ Arrears to CBI Halved

In the first quarter of the current Iranian year (started March 21), the total amount of three state-owned commercial banks' arrears to the Central Bank of Iran stood at 85.3 trillion rials ($2.2 billion), which indicate a drop of 55.5% compared with the corresponding period of last year.

Financial Tribune - In the first quarter of the current Iranian year (started March 21), the total amount of three state-owned commercial banks' arrears to the Central Bank of Iran stood at 85.3 trillion rials ($2.2 billion), which indicate a drop of 55.5% compared with the corresponding period of last year.

According to CBI's latest report on Iran's economic indicators, the figure had surged by 54.2% during the same period of last year. Back then, the volume of debts exceeded 191 trillion rials.

This is while during the same period, the government's debts to commercial banks went up by 30.7% year-on-year. The figure reached 432.1 trillion rials.

Private sector's arrears to commercial banks also went up by 20.7% to reach 1.43 quadrillion rials ($37.6 billion) by the end of the first quarter.

However, the amount of private sector's deposits in commercial banks reached 2.5 quadrillion rials ($65.7 billion) to experience a notable annual surge of 40.3%. 

Aug 14, 2017
Financial Tribune |