Business And Markets
0

$33 Billion Growth in Bank Deposits

The value of bank deposits increased by 5,147.4 trillion rials ($33.5 billion) compared to the corresponding period of last year, indicating 27% growth year-on-year
$33 Billion Growth in Bank Deposits  $33 Billion Growth in Bank Deposits

Total deposits with banks and credit institutions reached 24,242.5 trillion rials ($157 billion as per Tuesday’s forex rates) up until Nov 21. 
The value of bank deposits increased by 5,147.4 trillion rials ($33.5 billion) compared to the corresponding period of last year, indicating 27% growth year-on-year, according to data by Central Bank of Iran. 
Data also showed 17.3% hike in deposits since the end of last fiscal year (March-Nov. 2019), when banks customers had 20,673.36 trillion rials ($135.12 billion) in deposits.
The report covered deposits in rial and foreign currencies.

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