Iran Notes Sharp Uptick In Debts Owed To Domestic Banks
According to the statistics, total debts reached 116 quadrillion rials (about $ 193 billion) by the end of the reporting month. In the same month of the previous year, this figure stood at 86.5 quadrillion rials (about $ 144 billion).
Debts of the public sector to banks and financial institutions amounted to 22.8 quadrillion rials (about $ 37.9 billion) at the end of the 4th month, reflecting a 37.7 percent increase compared to the same month last year.
The non-state sector's debt for the same period stood at 93.6 quadrillion rials (about $155 billion), up 30.5 percent year-on-year.
To note, by the end of the 4th month, the total assets of Iranian banks and financial institutions, along with debts owed to them, amounted to around 356 quadrillion rials (about $591 billion), representing a 44.4 percent increase compared to the corresponding period of the previous year.
---
Follow the author on X: @BaghishovElnur
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.

Comments
No comment