BAKU, Azerbaijan, November 26. Debts of public and private sectors to Iranian banks and financial institutions surged by 42.4 percent at the end of the 4th month of the current Iranian year (July 22, 2023), compared to the previous period, Trend reports.
As stated in the data from Iran’s Central Bank, the debt of public and private sectors to Iranian banks and financial institutions amounted to 65.1 quadrillion rials (about $1.55 trillion) at the end of 4th month.
Meanwhile, in the same period previous year (July 22, 2022), the figure stood at around 45.7 quadrillion rials (about $1.09 trillion).
The debt of the public sector (state institutions, companies, etc.) to Iranian banks and financial institutions was about 11.1 quadrillion rials (about $264 billion) at the end of 4th month, representing a 48.1-percent from the end of the same month last year.
At the end of the 4th month, the debt of the private sector to Iranian banks and financial institutions amounted to 54 quadrillion rials (about $1.3 trillion). This is 41.5 percent more than the end of the same month last year.
In addition, 3.7 quadrillion rials (about $880 billion) were added to the balance sheets of Iranian banks and other assets in the specified period, showing an increase of 37.9 percent compared the end of the same month last year.
Moreover, the value of the total assets of Iranian banks and financial institutions was 130 quadrillion rials (about $3.1 trillion) at the end of the 4th month, which an increase of 35.2 percent compared to the end of the same month previous year.
The statistics include foreign assets of Iranian banks and financial institutions, as well as loans to the public and private sectors.
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