Business And Markets

Interbank Lending Picks Up

Interbank Lending Picks Up
Interbank Lending Picks Up

Data released by the Central Bank of Iran indicate that banks handled transactions worth almost 775.3 trillion rials ($3.2 billion) a day at the interbank market in the previous fiscal year (March 2020-21).
Average daily transactions increased 16% compared to the average 668.4 trillion rials ($2.7b) a year earlier, the CBI website reported. 
Private banks topped the list borrowing an average 619.5 trillion rials ($2.5b) a day from banks in the market. Three privatized banks -- Bank Mellat, Tejarat Bank and Bank Sederat Iran -- were the main lenders at 418.6 trillion rials ($1.74b) a day. 


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