Bank Sepah and the Bank of Industry and Mine (BIM) collectively account for the than 56% of the total non-performing loans, during the last fiscal year finished in March 2023.
According to IRNA, the state-owned Bank Sepah solely accounted for 30.6% of the total bad debts, followed by BIM with 25.9% and Bank Saderat 8.2%. The Export development Bank of Iran, Bank Keshavarzi (agro bank) and Parsian Bank rank next.
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