BAKU, Azerbaijan, May 1. The debt of the state and non-state sectors to Iranian banks and financial institutions increased by 37.7 percent at the end of the 11th month of the last Iranian year (February 19, 2024) compared to the end of the same month of the previous year (February 20, 2023), the statistics of Iran's Central Bank said, Trend reports.
The statistics indicate that at the end of the 11th month, the debt of the public and non-governmental sectors to Iranian banks and financial institutions amounted to 77.5 quadrillion rials (about $1.85 trillion).
Meanwhile, the information shows that the figure stood at 56.3 quadrillion rials (about $1.34 trillion) at the end of the same month last year.
The statistics add that the debt of the public sector (government agencies, companies, etc.) to Iranian banks and financial institutions amounted to about 13.1 quadrillion rials (about $312 billion). Compared to the end of the same month last year, this figure increased by 56.6 percent.
Besides, the information noted that at the end of the 11th month, the non-state sector's debt to Iranian banks and financial institutions amounted to 64.4 quadrillion rials (about $1.53 trillion). This is 34.5 percent more than at the end of the same month last year.
According to the statistics, the total assets of Iranian banks and financial institutions amounted to 159 quadrillion rials (about $3.8 trillion) at the end of the 11th month. The value of assets of Iranian banks and financial institutions increased by 34.6 percent at the end of the 11th month compared to the end of the same month last year.
To note, the statistics include foreign real estate and loans to the public and private sectors in the ownership of Iranian banks and financial institutions.
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