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Iranian banking system sees rise of foreign assets

Business Materials 18 January 2018 11:55 (UTC +04:00)

Baku, Azerbaijan, Jan. 18‎

By Fatih Karimov – Trend:

Iranian Central Bank’s assets increased by 9.5 percent year-on-year to 5,651.4 trillion rials ($154 billion based on official rate of 36,600 rials per each USD) by Nov. 21, 2017.

The overall assets of the CBI witnessed an increase by 11.7 percent compared to the end of last fiscal year (March 20, 2017).

CBI’s foreign assets increased by 5.4 percent to 3,619.9 trillion rials during the one-year period to Nov. 21, 2017.

Meanwhile, the figure registered a rise by 6.7 percent from 3,394.1 trillion rials in the end of the last fiscal year.

Total foreign assets of Iranian banking system (including CBI) amounted to 6,446.3 trillion rials, 13.6 percent more year-on-year, according to the report.

The government debts (including state-run companies) to the Central Bank increased by 2.2 percent to 632.8 trillion rials during the period.

The government’s deposits in the Central Bank decreased by 0.6 percent and stood at 353.9 trillion rials by Nov. 21.

The value of Iranian banks and financial institutions deposit in the CBI amounted to 1,506.4 trillion rials by Nov. 21, 19.5 percent more year-on-year.

The Iranian banks’ debts to the CBI reached 1,104.1 trillion rials by Nov. 21, indicating a rise by 9.4 percent year-on-year.

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