Bank NPL Ratio Improving: CBI

The Central Bank of Iran said the ratio of non-performing loans improved in the third quarter of the last fiscal year (Oct. 22-Dec. 21, 2021).  
The ratio of NPLs to total loans stood at 7.1% by the end of Q3 – down 16.5% from the corresponding period last year when it was 8.5%. 
Total NPL ratio, however, increased by 6% in the course of nine months since the beginning of the year in March 2021. 
NPL ratio is the ratio of the amount of nonperforming loans in a loan portfolio of banks to the total amount of outstanding loans the banks hold. It measures the effectiveness of a bank in receiving repayments on its loans.