2 Banks Account for 56% of NPLs

Bank Sepah and the Bank of Industry and Mine (BIM) collectively account for the than 56% of the total non-performing loans, during the last fiscal year finished in March 2023.

According to IRNA, the state-owned Bank Sepah solely accounted for 30.6% of the total bad debts, followed by BIM with 25.9% and Bank Saderat 8.2%. The Export development Bank of Iran, Bank Keshavarzi (agro bank) and Parsian Bank rank next.