Iran's CB Reports 50% Rise in Banks’ Assets

Assets owned by banks reached 84,606.4 trillion rials ($338 billion) by the end of the previous quarter on June 21, 50.3% higher y/y.
Foreign assets grew 60% y/y from 12,586.4 trillion rials ($50.3b) in June 2020 to 20,134 trillion rials ($80b) by June 2021, according to data released by the Central Bank of Iran.
Non-government sectors owed 25,660.4 trillion rials ($102.6b) to banks by the end of previous quarter -- an annual rise of 51.1%.
Government and state-owned companies held 6,475.6 trillion rials ($25.9b) in debt to banks, up 45% compared to the corresponding period last year.