Debt of Iranian private banks, financial institutes to Central Bank soars

Business Materials 11 September 2018 11:09 (UTC +04:00)

Baku, Azerbaijan, Sept. 11


Iranian Central Bank’s assets increased by 32 percent year-on-year according to a report by the CBI which covers first for months of the current fiscal year (March 20-July 22).

The CBI assets reached to 7,099 trillion rials (Each USD made 42,000 rials at the time) by July 22, according to the bank’s report.

The overall assets of the CBI witnessed an increase by 14.9 percent compared to the beginning of the fiscal year (March 20, 2018).

The government’s deposits (including state-run companies) in the Central Bank increased by 69.6 percent year-on-year and stood at 605.3 trillion rials by July 22.

The government deposits stood at 565.2 trillion rials (80.6 percent growth), meanwhile the deposits of state-owned companies stood at 40.1 trillion rials (9.1 percent less year-on-year).

By July 22, the value of Iranian banks and financial institutions deposits in the CBI amounted to 1,684 trillion rials, 20.5 percent more year-on-year.

The Iranian banks’ debts to the CBI reached 1,471 trillion rials by July 22, indicating a rise by 36.4 percent year-on-year.

The debts of non-governmental banks and financial institutes to the CBI surged by 96.2 percent year-on-year and amounted to 969.3 trillion rials.

The government debts (including state-run companies) to the Central Bank increased by 1.3 percent to 628.8 trillion rials during the period.

The central bank’s foreign assets increased by 34.8 percent to 4,672 trillion rials during the one-year period to July 22.

Meanwhile, the figure registered a rise by 14.8 percent from 4,070 trillion rials in the beginning of the fiscal year (March 2018).

Overall assets of Iran’s banking system by July 22 accounted to 37,047 trillion rials, 25.9 percent more year-on-year.