By the end of the ninth Iranian month (on Dec.20), banks held 71 quadrillion rials ($289.8 billion) in assets, up 42.7% YOY and 31% compared to the beginning of the current fiscal year last March.
Foreign assets of banks were 45.9% higher YOY and 30.3% compared to the last month of previous fiscal to reach 15,089 trillion rials ($61.58b) by December 20, the Central Bank of Iran said Monday.
Non-governmental sectors owed 21,219.8 trillion rials ($ 86.6 b) to banks by the end of the third quarter, an annual rise of 47.4%.
Government and state-owned companies held 1,753.6 trillion rials ($7.15b), indicating 53.1% growth compared to corresponding period last year and up 28.3% compared to the beginning of the current fiscal year.
CBI data included assets and liabilities of specialized banks. Five state-owned specialized banks' total assets was logged at 9,916 trillion rials ($40.47b) by the end of the third quarter. The figure shows a 35.7% jump compared to the same month last year. Non-governmental sector’s liabilities to specialized banks accounted for almost one-third of their assets that stood at 3,684.3 trillion rials ($15.03b) on December 20, registering 23.6% growth YOY.
This is while the sector held 2,981.5 trillion rials ($12.16b) in deposit with specialized banks. The figures show 40.6% increase compared to the same period last year.
CBI Assets
Total CBI assets reached 9,239.9 trillion rials ($37.7b) in the first nine months of current fiscal year, registering 20.2% growth year-on-year and up 15.6% when compared to the end of the previous fiscal in March 2020.
According to CBI data, foreign assets accounted for about 5,824.6 trillion rials ($23.77b) of total assets by December 20. The figure was 17.8% higher compared to the same month the previous year and had an 8.6% growth rate compared to the last month of the previous fiscal.
Total debt of the government and its affiliated companies to the CBI exceeds 1,477.9 trillion rials ($6.03b), which shows 32.7% growth YOY and 27.6% growth compared to the end of the last fiscal.
The CBI said assets in banknotes and coins by December 20 stood at 8.8 trillion rials ($35.9 million), down 61.2% YOY and 45.3% compared to the end of the previous year.
Debts of banks to CBI accounted for 1,268.4 trillion rials ($5.17b) of CBI assets in the nine months to December 20, which shows 13.9% surge compared to the same month of the previous year and 14.6% rise compared to the end of last fiscal.
Banks and credit institutions had 3,358 trillion rials ($13.7b) in deposits with the CBI by the end of ninth Iranian month -- up 33.6% annually and 18.8% compared to the last fiscal yearend.
