Next Budget Sees 25% Rise in State Banks’ Net Income

Net earnings of eight Iranian state-owned banks and the Central Bank of Iran has been forecast at 2,314.28 trillion rials ($7.8 billion) in the March 2022-23 draft budget.
This is 25% higher on the 1,840 trillion rials ($6.3b) in the present fiscal year, according to a report by the news agency of the Monetary and Banking Research Institute, IBENA.
Lenders have been divided into two categories based on their financial health. The revenue forecast is 903.5 trillion rials ($3.1b) for seven banks that are either making profit or at least break-even.