A senior member of Majlis Article 90 Commission presented the latest report on the state of non-performing loans of Iran's banking system in Tuesday's open session, which painted a highly contrasting picture.
"At present, even the banking regulator [Central Bank of Iran] lacks precise data about the volume of banks' restructured loan portfolios," Farhad Tajari was also quoted as saying by ICANA, the official news outlet of the parliament.
However, he made a claim that, if proven to be true, paints a dark picture of the banking system.
"Unofficial statements concerning the real volume of non-performing loans offered by the banking system using various techniques tell of a ratio going as high as 50% of all bank loans," he said.
May 22, 2018 19:20
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New Report Reveals Banks’ NPL Ratio Gap
Majlis Article 90 Commission has presented a report on non-performing loans of banks, showing that while unofficial numbers indicate a ratio of up to 50%, figures presented by the banks indicate $15 billion in bad loans are more than likely lost for good
Among state-run banks, Bank Maskan had a staggering 100% NPL ratio for its foreign currency loans and was followed by Bank Keshavarzi and the Export Development Bank of Iran with ratios of 76.9% and 25.4%
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