Banks’ NPL Ratio Improving

New data from the Central Bank of Iran show banks and credit institutions performed better in recovering non-performing loans in first half of current fiscal year ending Sep.22. 
The ratio of NPLs to total loans declined 6.8% by end of H1, down 0.3 percentage points compared to the end of Q1 on June 22. 
Data seen on the CBI website suggest that the ratio declined by 21.8% compared to the corresponding period last year when it stood at 8.7%.