Two Types of Debtors

There are two types of people who have not repaid their debts to banks but only one type must be dealt with firmly to make them pay, says the first vice president.”There are two types of people with bank debts and a number of them have faced hurdles as a result of the country’s economic situation and foreign exchange fluctuations and they must not be forsaken,” Es’haq Jahangiri was quoted as saying by banker.ir. But he said there are people who knew they would never pay back what they borrowed and “we must not let them abuse our banking resources.” Data released this week have it that Iran’s private sector alone owes the banking industry $251 billion. The government also owes banks $63 billion. The burden of non-performing loans is estimated at $32 billion.