Business And Markets

SSO Owes $2.5b to Banks

SSO Owes $2.5b to Banks SSO Owes $2.5b to Banks

Iran Social Security Organization owes 400 trillion rials ($2.58 billion) to banks, SSO’s deputy for economic and planning affairs said. 
Hossein Amiri said the massive organization borrowed 50 trillion rials ($323 million) from banks on monthly basis in the last fiscal (ended March 20).
Pensions have risen by 36% in the current fiscal   (March 2019-20) and the SSO will face new challenges in meeting its financial commitments. 


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment