Baku, Azerbaijan, Aug. 30
By Umid Niayesh - Trend:
Foreign assets of Iranian banks increased by 6.8 percent and reached 2.03 quadrillion rials (about $67.7 billion based on official exchange rate) at the end of third Iranian calendar month (ended on June 22), compared to the last fiscal year(ended on March 21), Iran's Central Bank reported Aug. 30.
The figure indicates a rise by 10 trillion rials compared to the same month of the last fiscal year.
Deposits at the Central Bank totaled 919.1 trillion rials, showing a 3.3 percent rise year on year.
Deposits by the non-government sector also rose 23.3 percent and reached 7.47 quadrillion rials (about $226 billion).
The Iranian government's debt to domestic banks surpassed 1.066 quadrillion rials, registering a growth by 2.5 percent in the first three months of current Iranian fiscal year (March 21-June 22).
The volume of debt shows a 24.6 percent rise compared to the corresponding figure in the last year.
Foreign assets of Iranian banks dropped by 6.5 percent and reached 1.9 quadrillion rials in the past Iranian fiscal year.
Deposits at the Central Bank was about 880 trillion rials at the same time, meanwhile deposits by the non-government sector rose 23.3 percent and reached 7.47 quadrillion rials.
The Iranian government's debt to domestic banks surpassed 1.04 quadrillion rials in the past Iranian fiscal year.
Iran's banking system has been struggling with bad loans in the past few years. Melli Bank, Parsian Bank and Bank Tejarat have the highest amount of bad loans in Iran.
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