Iran to set up special legal complex to deal with bank loan defaulters
Baku, Azerbaijan, Aug.11
By Fatih Karimov - Trend: Iran will set up a special legal complex to deal with bank loan defaulters.
The governor of the Central Bank of Iran, Valiollah Seif, said a list of major bank loan defaulters has been submitted to the judiciary system, Iran's Tasnim news agency reported on August 11.
Iran's economy minister Ali Tayyebnia said on June 18 that 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 11, a source on the condition of anonymity told Iran's Fars news agency 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."
Edited by CN