Business And Markets

Bank Deposits Grow 35%

Bank Deposits Grow 35%
Bank Deposits Grow 35%

Bank customers had 29,326.1 trillion rials ($127.5 billion) in deposits by the end of the calendar month to June 20, according to monthly data released by the Central Bank of Iran.
Deposits with banks and credit institutions showed 34.7% rise compared to the same period last year when clients had 21,765.73 trillion rials ($94.63b) in deposits.
Deposits rose 8% compared to the end of the last fiscal year (March 2019), when it was 27,162.84 trillion rials ($118.09b).
As usual, the majority of deposits (54.08%) were in banks in Tehran Province -- 15,860.3 trillion rials ($68.95b).


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