Economy, Business And Markets

Clearing NPLs

Clearing NPLs Clearing NPLs

The Central Bank of Iran Saturday issued a directive for clearing financial institutions’ non-performing loans as a move to ease lending to businesses. According to the CBI website, as the volume of bad loans has increased exponentially in recent years, the Money and Credit Council, in accordance with government plans to promote business activities, is striving to prevent the growth of toxic assets and support businesses that failed to repay loans in recent years.