Iran's banks liquidity grew by over 25% percent
Tehran, Iran, Aug.30
The liquidity in Iran banks have reached 19,799 billion rial (about $471.6 million) in first three months of current Iranian year (started March 21, 2019) and increased by 25.1 percent comparing to same time last year, the Central Bank of Iran (CBI) stated, Trend reports citing Mehr News Agency.
The CBI report shows that the foreign assets of banking system in third month of current Iranian year was 9,245 billion rial (about $220 million), which is an increase of 12.9 percent a year-on-year basis, while public sector debt in this period has grown 25.7 percent to 3,476 billion rial (about $82.7 million).
The private sector debt to banks has grown 18.7 percent in first three months of current Iranian year to 13,475 billion rial (about $320 million). The foreign assets of CBI as of June 22, declined by 1.5 percent to 4,527 billion rial (about $107 million); meantime, the public sector debt to the Central Bank of Iran increased by 64.3 percent to 1,009 billion rial (about $24 million). The CBI foreign currency debts have not changed this year and amounted to 2,217 billion rial (about $52 million).
According to the report, foreign assets of credit institutions grew by 31.3 percent to 4,718 billion rial (about $110 million), while the volume of bank notes and coins had increased 7.4 percent to 122,8 billion rial (about $29 million).
The saving of banks and credit institutions in CBI increased by 27.2 percent to 2,119 billion rial (about $50 million), while their debts to CBI has declined 3.7 percent to 1,345 billion rial (about $32 million).