Business And Markets

Outstanding Loans Pile Up

Outstanding Loans Pile Up  Outstanding Loans Pile Up

By the end of the fiscal month to December 21, total outstanding loans made by domestic banks crossed 17,409 trillion rials ($116 billion) -- up 23% annually.
The figure indicates 15.4% hike since the end of last fiscal year (ended March 2019) when total unpaid loans rose to 2,319.0 trillion rials ($15.56 billion), according to a report on the Central Bank of Iran website.
With 11,164.5 trillion rials ($74.93 billion), Tehran Province topped the list with the largest amount of outstanding loans.
At the bottom end of the list was Kohgilouyeh-Boyerahmad Province with total outstanding loans at 62.8 trillion rials ($421.47 million).


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