Baku, Azerbaijan, Aug.3
By Fatih Karimov - Trend: Banks of Melli, Parsian, and Tejarat have the highest amount of bad loans in Iran.
Of the total 870 trillion rials (about $28 billion) in bad loans, Melli Bank's share is 130 trillion rials (about $4.2 billion), Parsian and Tejarat banks' shares is 110 trillion rials each (about $3.5 billion), Iran's Mehr news agency reported on August 3.
Sixty-one persons have debts of over $32 million, accounting for 19 percent of the total debt.
On June 18, Iran's economy minister Ali Tayyebnia said the real value of the Iranian banking system's bad loans is $47 billion.
Although it has been announced that the national banking system's bad loans has amounted to $25 billion, but the real value is $47 billion, Iran's Mehr news agency quoted Tayyebnia as saying.
USD exchange rate in Iran is currently about 31,000 rials.
On May 25, Gholam-Hossein Shafei, Chairman of the Iranian Chamber of Industry and Mine, said that the Iranian banking system's bad loans have amounted to $25 billion.
On May 11, a source told Iran's Fars news agency on the condition of anonymity that some 900 persons owe around about $4 million each to the banking system.
"Eighteen persons owe about $195 million each to the banking system."
"Two hundred eighty three persons owe about $20 million each to the banking system."
"One hundred forty five persons owe around $40 million each to the banking system."
"And three persons owe around $400 million each to the banking system. Two of them are in jail for further investigations."