BAKU, Azerbaijan, December 4. Debts of public and private sectors to Iranian banks and financial institutions soared by 42 percent at the end of the 5th month of the current Iranian year (August 22, 2023), compared to the previous period, Trend reports.
Data from Central Bank of Iran shows that the debt of public and private sectors to Iranian banks and financial institutions amounted to 66.9 quadrillion rials (about $1.59 trillion) at the end of 5th month.
In the same period of the previous year (August 22, 2022), the figure stood at around 47.1 quadrillion rials (about $1.12 trillion).
The debt of the public sector (state institutions, companies, etc.) to Iranian banks and financial institutions was about 11.4 quadrillion rials (about $272 billion) at the end of 5th month, representing a 50.4-percent from the end of the same month last year.
Meanwhile, the debt of the private sector to Iranian banks and financial institutions amounted to 55.5 quadrillion rials (about $1.32 trillion) at the end of the 5th month. This is 40.5 percent more than the end of the same month last year.
Moreover, the value of the total assets of Iranian banks and financial institutions was 135 quadrillion rials (about $3.2 trillion) at the end of the 5th 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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