Iranian banks debt to central bank hikes by 32%
Baku, Azerbaijan, July 14
Iranian Central Bank’s assets increased by 22.2 percent year-on-year to 6,181 trillion rials (Each USD made 38,000 rials at the time) by March 20, 2018.
The overall assets of the CBI stood at 5,057.2 trillion rials by March 2017 and 4,939.6 trillion rials by March 2016, respectively, according to a report released by the bank.
The government’s deposits (including state-run companies) in the Central Bank increased by 25.9 percent and stood at 470.1 trillion rials by March 20, the report said.
The government deposits stood at 427.3 trillion rials (31.2 percent increase), meanwhile the deposits of state-owned companies stood at 42.8 trillion rials (10.3 percent less year-on-year)
By March 20, the value of Iranian banks and financial institutions deposits in the CBI amounted to 1,605.3 trillion rials, 22.2 percent more year-on-year.
In the meantime, the Iranian banks’ debts to the CBI reached 1,320.3 trillion rials, indicating a rise by 32.4 percent year-on-year.
The government debts (including state-run companies) to the Central Bank decreased by 8.8 percent to 525.2 trillion rials during the period.
The central bank’s foreign assets increased by 20.1 percent to 4,077.6 trillion rials during the one-year period to March 20.
Overall assets of Iran’s banking system by March 20 accounted to 35,416.1 trillion rials, 23.1 percent more year-on-year.