Tehran, Iran, Jan.18
By Milad Fashtami - Trend:
Iranian government's debt to the Central Bank has decreased to 153.99 trillion rials (Some $5.81 billion based on the official exchange rate of US dollar) in the first half of the current Iranian calendar year (March 21 - September 22).
The figure was 223.45 trillion rials (Some $8.43 billion based on the official exchange rate of US dollar) at the end of the previous year, according to the latest report of Iran's Central Bank.
The government's debts to domestic banks, however, increased in the first two quarters of the current year, standing at 902.78 trillion rials (Some $34.06 billion based on the official exchange rate of US dollar)
The figure was 742.19 trillion rials (some $28 billion based on the official exchange rate of US dollar) at the end of the previous year.
It was reported on Jan. 10 that domestic banks' debts to the Central Bank of Iran have reached 737.5 trillion rials (some $27.8 based on the official exchange rate of US dollar).
Iran's banking system has been struggling with bad loans in the past few years.
Banks of Melli, Parsian, and Tejarat have the highest amount of bad loans in Iran.
It was reported in August 2014 that 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).
Sixty-one persons have debts of over $32 million, accounting for 19 percent of the total debt.
Iran's Economy Minister Ali Tayyebnia earlier 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, the real value is $47 billion.
Some 900 persons owe around about $4 million each to the banking system, a source told Iran's Fars news agency on the condition of anonymity on May.11.
"Eighteen persons owe about $195 million each to the banking system," the source said, adding that 283 people owe about $20 million each to the banking system.
"Some 145 people owe around $40 million each to the banking system," he said.
"Three people owe around $400 million each to the banking system. Two of them are in jail for further investigations," the source added.