Foreign assets of Iranian banking system on rise
Baku, Azerbaijan, Nov. 19
By Fatih Karimov– Trend:
Iranian Central Bank’s assets stood at 5,500.4 trillion rials ($157 billion based on official rate of 35,000 rials per each USD) by Sept. 22.
The figure indicates a rise by 7.1 percent, as compared to Sept. 22, 2016, Central Bank of Iran (CBI) said in a message.
The overall assets of the CBI witnessed an increase by 8.8 percent compared to the end of last fiscal year (March 20, 2017).
The CBI’s foreign assets increased by 4 percent to 3,542.6 trillion rials during the one-year period to Sept. 22.
Meanwhile, the figure has increased by 4.4 percent from 3,394.1 trillion rials in the end of the last fiscal year.
Total foreign assets of Iranian banking system (including CBI) also accounted to 6,170.9 trillion rials, 7.3 percent more year-on-year, according to the report.
The CBI report indicates that governmental debts (including state-run companies) to the Central Bank decreased by 3.5 percent to 613.7 trillion rials during the period.
The government’s deposits in the Central Bank also increased by 3.5 percent and stood at 321.5 trillion rials by Sept. 22.
However, the figure registered a 13.9 percent decrease compared to the end of last fiscal year.
The Iranian banks’ debts to the CBI have reached 1,097.1 trillion rials by Sept. 22 indicating a rise by 16.4 percent year-on-year.
That figure indicates a rise of 10.1 percent, as compared to the end of last fiscal year, which was 996.9 trillion rials.