Iranian banks and credit institutions held a total of about 1.3 quadrillion rials ($30.87 billion) in non-performing loans by the end of the previous fiscal year on March 20, 2018, according to the rapporteur of Majlis Economic Commission.
"By the end of last [fiscal] year, banks' non-performing loans stood at 1.3 quadrillion rials while other loans were registered at 700 trillion rials ($16.62 billion), which bring the total interests on all loans to about 2 quadrillion rials ($47.49 billion)," Rahim Zare' was quoted as saying by ICANA, the official news outlet of the parliament on Saturday.
May 26, 2018 19:27
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Banks’ NPLs Top $30b
Days after a controversial parliamentary report, a lawmaker has announced the new official volume of non-performing loans in Iran’s banking system
By the end of last fiscal year (March 20, 2018), banks’ non-performing loans stood at 1.3 quadrillion rials (30.87 billion) while other loans were registered at 700 trillion rials ($16.62 billion), which bring the total interests on all loans to about 2 q
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