Business And Markets
0

Bank Deposits in Iran Grow 26% YOY

Bank Deposits Grow 26% YOYBank Deposits Grow 26% YOY

During the calendar month to June 22, total deposits with banks and credit institutions reached 21,765 trillion rials ($190.09 billion), up 26.6% year-on-year.
Total deposits grew 5.3% compared to end of the last fiscal year when overall value of deposits was 20,673 trillion rials ($180.55 billion), the Central Bank of Iran said in a report released on its website.
The report covers deposits both in rial and foreign currency.
Tehran Province topped the list of provinces with the highest deposits -- a total of 11,813.7 trillion rials ($103.17 billion). This accounted for 54.27% of the deposits.
Next was Isfahan Province with 1,134.22 trillion rials ($9.90 billion) and Khorasan Razavi Province with 1,001.44 trillion rials ($8.7 billion).

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com