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.
CBI data included assets and liabilities of specialized and commercial banks. Commercial banks’ total assets stood at 10,924 trillion rials ($47.5b) by the end of last year. The figure shows a 48.3% jump compared to the same month last year.
Foreign assets owned by commercial banks were worth 1,351 trillion rials, recording a whopping 75.5% compared with a year earlier.
The non-governmental sector’s liabilities to commercial banks stood at 3,746.3 trillion rials ($16.3b) registering a 36.1% growth YOY. This is while the sector held 6,345.6 trillion rials ($27.5b) in deposits with commercial banks. The figures show a 34.8% increase compared to the same period last year.
Five state-owned specialized banks held assets worth a total of 10,078 trillion rials ($43.8b) by March 20, posting a 22.4% rise compared with the same month a year earlier.
Their foreign assets amounted to 2,254.8 trillion rials ($9.8b), up 22.6% compared with a year earlier.
CBI Assets
Total CBI assets reached 9,453.8 trillion rials ($41b) by the end of last year, rising from 7,993.3 trillion rials ($34.7b) a year earlier, registering 18.3% growth year-on-year.
According to CBI data, foreign assets accounted for about 5,364.6 trillion rials ($23.3b) of total assets by March 20. The figure was 15.8% higher compared to the same month the previous year.
The total debt of the government and its affiliated companies to the CBI exceeds 1,170.9 trillion rials ($5b), which indicates a slight increase of 1.1% YOY.
The CBI said assets in banknotes and coins by March 20 stood at 12.4 trillion rials ($54 million), down23% compared with a year earlier.
Debts of banks to CBI accounted for 1,203 trillion rials ($5.3b) of CBI assets in the twelve months to March 20, which shows an 8.7% surge compared to the same month of the previous year.
Banks and credit institutions had 3,756.9 trillion rials ($16.3b) in deposits with the CBI by the end of last fiscal year, posting 33.6% growth on an annualized basis.
