Business And Markets

Banks Report Profit in 2020-21

The regulator has said it is determined to reform the banking industry long saddled with mismanagement and financial indiscipline
Banks Report Profit in 2020-21
Banks Report Profit in 2020-21

Financial statements of 18 banks and credit institutions listed with the stock market in Tehran show most made profit on loans, outweighing interest paid on deposits. 
Interest on loans stood at 2,133.84 trillion rials ($7.9 billion) in the fiscal year that ended in March.
Compared to the year earlier profit from lending increased 42.9%, the semi-official Fars News Agency reported, citing a report seen on the Codal website.   


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