Business And Markets

NPLs Jump 27% in Q1

NPLs Jump 27% in Q1NPLs Jump 27% in Q1

Non-performing loans of Iranian banks and credit institutions shot up 27% on annualized basis during the first quarter of the current fiscal year (March 20-June 20) to reach 2,090 trillion rials ($8 billion). 
This was up 25.6% compared to the January-March quarter at 1,660 trillion rials ($6.3 billion), the Tehran Chamber of Commerce, Industries, Mines, and Agriculture (TCCIM) said in a report. 
The study draws on official data released by the Central Bank of Iran and aims to shed light on the state of NPL by reviewing the volume of bad loans and their ratio to total loans.


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