Iran state banks debts exceed $32 billion
The total debt of 11 state-run banks to the Central Bank of Iran has exceeded $32 billion, showing a 10-fold increase over the past four years, Press TV reported.
According to records published by the Iranian Labor News Agency (ILNA) on September 26, the biggest debtor is Iran's largest bank, Bank Melli Iran, with nearly $9 billion, followed by Bank Sepah, Iran's oldest, with about $4.8 billion.
Bank Maskan, Bank Keshavarzi, Bank of Industries and Mines and the Export Development Bank of Iran were next with the respective debts of $4.7, $4.1, $3.5 and $1.1 billion.
Private-sector banks had far lower debts, with the biggest being Bank Parsian, which owes about $421 million to the Central Bank.
In addition, the collective debt of state-sector companies to the Central Bank has reached $25 billion.