<p dir="LTR"><span>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.</span></p> <p dir="LTR"><span>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.</span></p> <p dir="LTR"><span>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.</span></p> <p dir="LTR"><span>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.</span></p> <p dir="LTR"><span>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%. </span></p>