Private Banks Report Robust Growth in Deposits and Loans

Deposits in private banks reached 18,174 trillion rials ($66 billion) by the end of the fiscal year ending in March, posting 44% growth compared to the year before.
Electronic Banking Magazine reviewed the financial performance reports of private banks, in particular their deposits and loans. Bank Mellat topped the list of non-government lenders in terms of total deposits with 2,529 trillion rials ($9.19 billion) followed by Bank Saderat Iran and Ayandeh Bank.
Mellat took in 1,034 trillion rials ($3.76) in deposits. ENbank (Eghtesad Novin Bank) managed to record the highest annual growth in deposits -- 100% year-on-year. Sarmayeh Bank was at the tail end with 10 trillion rials ($36.3 million).