Banks $16 Billion in the Red

Banks and credit institutions owed the Central Bank of Iran 2,085 trillion rials ($16 billion), by the end of the eighth month (November 21) of current Iranian fiscal year that ends in March.
According to IBENA, the news service affiliated to the CBU, private banks and credit institutions account for 1,211 trillion rials ($9.3 billion) of the total debt. State-owned specialized lenders owe the regulator 636 trillion rials ($4.8 billion).
The debts include the principal and interest on credit lines, overdrafts and CBI deposits with banks.