NPL Penalty Waiver Ceiling to Increase
NPL Penalty Waiver Ceiling to Increase

NPL Penalty Waiver Ceiling to Increase

NPL Penalty Waiver Ceiling to Increase

Governor of the Central Bank of Iran Valiollah Seif announced that the second phase of waiving late payment penalties for non-performing loans will be implemented soon. In the second phase of waiving NPL fines, the ceiling will increase from 100 million rials ($2,800) to 250 million rials ($6,500), and detailed regulations will be announced in the future. About 22,500 billion rials ($0.6 billion) were allocated to the banking system to waive late payment penalties and they will receive 54 trillion rials ($1.4 billion) in the current year for the same purpose. Since February 2017, when the Cabinet first approved the waiver of penalties for non-performing loans, about 8 trillion rials ($213 million) in fines were waived and the banking system recovered more than 1.6 trillion rials ($426 million) in bad debt.


Short URL : https://goo.gl/tvl5yS
  1. https://goo.gl/6byHGj
  • https://goo.gl/stBNic
  • https://goo.gl/dX0UEz
  • https://goo.gl/GMBlZp
  • https://goo.gl/6uJzwy

You can also read ...

US’ Iran Policy Headed for Train Wreck With Afghan Policy
US President Donald Trump’s decision to pull out of the Iran...
BMI Outlines Forex Measures
Director of Bank Melli of Iran’s Foreign Exchange Department...
With the US Out, How Can Iran Benefit From JCPOA?
In Iran, the only surprise regarding US President Donald Trump...
5-6% Flexibility in USD Rate Until March
Governor of the Central Bank of Iran said the exchange rates...
Mineral Projects Worth $3.6b in the Pipeline
More than $3.6 billion worth of mineral projects are to be...
Apple Pays Ireland 1st Tranche of Disputed Taxes
Apple has paid €1.5 billion ($1.76 billion) into an escrow...
Persian is the 15th most spoken language  in the world with 120 million speakers.
The amount of online content in Persian has observed a...
Bank Maskan Home Loans Up
Latest figures published by Bank Maskan, the agent bank of...

Add new comment

Read our comment policy before posting your viewpoints