BAKU, Azerbaijan, December 12. Debts owed to Iranian banks and financial institutions by the public and private sectors increased by 41.5 percent at the end of the sixth month of the current Iranian year (September 22, 2023) compared to the preceding period, Trend reports.
Data from the Central Bank of Iran shows that the debt of the public and private sectors to Iranian banks and financial institutions amounted to 69.2 quadrillion rials (about $1.65 trillion) at the end of the 6th month.
In the same period of the previous year (September 22, 2022), the figure stood at 48.9 quadrillion rials (about $1.17 trillion).
The debt of the public sector (state institutions, companies, etc.) to Iranian banks and financial institutions was about 11.9 quadrillion rials (about $282 billion) at the end of the 6th month, representing a 49-percent increase from the end of the same month last year.
Meanwhile, the debt of the private sector to Iranian banks and financial institutions amounted to 57.4 quadrillion rials (about $1.37 trillion) at the end of the 6th month. This is 40 percent more than at the end of the same month last year.
Moreover, the value of the total assets of Iranian banks and financial institutions was around 140 quadrillion rials (about $3.33 trillion) at the end of the 6th month, an increase of 36.1 percent compared to the end of the same month the previous year.
The statistics include the foreign assets of Iranian banks and financial institutions, as well as loans to the public and private sectors.
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