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Banks Assets Rises 39%

Banks Assets Rises 39%
Banks Assets Rises 39%

Iranian banking system held a total of 75,569.1 trillion rials ($328billion) in assets by the end of the previous fiscal year on March 20, up 39.4% on a year-on-year basis.
Foreign assets owned by banks experienced 33% growth YOY rising from 11,580.4 trillion rials ($50.3b) in March 2020 to reach 15,406.8  trillion rials ($67b) by March 20, 2021, according to the latest data released by the Central Bank of Iran.
Non-governmental sectors owed 24,065.4 trillion rials ($104.6b) to banks by the end of the previous fiscal year, an annual rise of 48.4%.
Government and state-owned companies held 5,287.4 trillion rials ($23b) in debt to banks, indicating 27% growth compared to the twelve months last year.

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