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Overseas Assets of Banks Up 38%

Overseas Assets of Banks Up 38%
Overseas Assets of Banks Up 38%

Foreign assets of Iranian banks reached 20,733.3 trillion rials ($74 billion) by end of last November. 
This is up 37.7% compared to the similar period last year and was 32.5% higher in eight months from the beginning of the fiscal year that ends in March. 
Overseas assets of the Central Bank of Iran were 6,872 trillion rials ($24.5b) during this period, indicating 21.4% growth on annualized basis and 6.5% higher in the first eight months of the present fiscal year, according to data seen on the CBI website. 
Commercial banks held $7b overseas -- 49.2% higher year-on year and 46.6% hike over eight months. 

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