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New Report Reveals Banks’ NPL Ratio Gap
New Report Reveals Banks’ NPL Ratio Gap
Wednesday, May 23, 2018

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%
Wednesday, May 23, 2018

New Report Reveals Banks’ NPL Ratio Gap

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. 

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05/23/2018
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