State-Run Firms’ Debts To Bank­ing Sys­tem Fall

Iran News - - DOMESTIC -

TEHRAN - The lat­est data re­leased by Cen­tral Bank of Iran (CBI) in­di­cates that the Ira­nian gov­ern­ment’s debt to the coun­try’s bank­ing sys­tem was on the rise, mean­while the debts of the state-run com­pa­nies have reg­is­tered de­crease in re­cent months.

Ac­cord­ing to the CBI the debts of the Ira­nian gov­ern­ment and state-run com­pa­nies to the coun­try’s bank­ing sys­tem reached 2,588.7 tril­lion ri­als (Each USD made 37,700 ri­als at the time) by Feb. 20.

The fig­ure, which in­cludes debts of the gov­ern­ment and state-run com­pa­nies to the Cen­tral Bank of Iran (CBI) as well, is 23.2 per­cent more than in the same pe­riod of last year.

Debt has in­creased by 17.8 per­cent in com­par­i­son with the be­gin­ning of the last fis­cal year (March 20, 2017) which had the fig­ure at 2,197.5 tril­lion ri­als.

That fig­ure was 1,738.6 tril­lion ri­als and 1,683.4 tril­lion ri­als in the pre­ced­ing fis­cal years (March 2016 and March 2015 re­spec­tively).

Gov­ern­ment’s debt to the bank­ing sys­tem wit­nessed a rise of 27.2 per­cent by Feb. 20, while com­pared to Feb. 20, 2017 and stood at 2,297.5 tril­lion ri­als.

Mean­while, debts of the Ira­nian state-run com­pa­nies to the bank­ing sys­tem stood at 291.2 tril­lion ri­als by Feb. 20, 1.1 per­cent less, year on year. The fig­ure has de­creased by 14.3 per­cent in com­par­i­son with the be­gin­ing of the last fis­cal year (March 20, 2017).

Mean­time, debts of the non-gov­ern­men­tal sec­tor to the coun­try’s bank­ing sys­tem ac­counted to 10,461 tril­lion ri­als by Feb. 21, in­di­cat­ing a rise of 16.6 per­cent com­pared to the pre­ced­ing year.

The CBI re­port also in­di­cates that debts of Ira­nian banks to the Cen­tral Bank have reached 1,167.1 tril­lion ri­als by Feb. 20, 1.1 per­cent more, year on year.

Iran’s bank­ing sys­tem has been strug­gling with bad loans in the past few years. Banks of Melli, Par­sian, and Te­jarat have the high­est amount of bad loans in Iran.

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