Business And Markets

Banks’ Assets Rise 43%

Banks’ Assets Rise 43%
Banks’ Assets Rise 43%

Banks held 75,206.8 trillion rials ($278 billion) in assets by the end of the month to August 22, indicating 43.8% increase compared to the same period last year.
Banks' foreign assets posted 61% growth on year-on-year basis, increasing from 12,562.1 trillion rials ($46.5b) in August 2020 to reach 20,307 trillion rials ($75.2b) by August 2021.
Foreign assets of banks increased almost 30% in five months since the beginning of current fiscal year in March, according to  data released by the Central Bank of Iran.


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