Non-performing loans declined further at the end of last fiscal year (ending March), indicating banks’ progress in recovering bad loans, Central Bank of Iran data show.
The ratio of NPLs to total loans stood at 6.1% as of March 20, marking the end of the last fiscal year. This was 9% down on the corresponding period last year.
Total NPL ratio dropped by 1 percentage point from the previous quarter ending Dec. 21.
NPL ratio is the ratio of the amount of nonperforming loans in a loan portfolio of banks to the total amount of outstanding loans they hold. The ratio measures the effectiveness of a bank in receiving repayments on its loans.
Add new comment