BAKU, Azerbaijan, April 4. The debt of the public and private sectors to Iranian banks and financial institutions increased by 37.8 percent at the end of the 10th month of the last Iranian year (January 20, 2024) compared to the end of the same month of the previous year (January 20, 2023), the statistics of Iran's Central Bank said, Trend reports.
However, at the end of the 10th month, the debt of the public and non-public sectors to Iranian banks and financial institutions amounted to 75.5 quadrillion rials (about $1.8 trillion).
The statistics indicate that at the end of the same month last year, the figure was about 54.8 quadrillion rials (about $1.3 trillion).
The data adds that the public sector's debts (government agencies, companies, etc.) owed to Iranian banks and financial institutions amounted to about 12.7 quadrillion rials (about $302 billion). This figure increased by 56.7 percent compared to the end of the same month last year.
The information shows that at the end of the 10th month, the non-state sector's debt to Iranian banks and financial institutions amounted to about 62.8 quadrillion rials (about $1.5 trillion). This is 34.5 percent more than at the end of the same month last year.
According to the statistics, the value of the total assets of Iranian banks and financial institutions amounted to about 155 quadrillion rials (about $3.68 trillion) at the end of the 10th month. The value of assets of Iranian banks and financial institutions rose by 35.1 percent at the end of the 10th month compared to the end of the same month last year.
To note, the statistics include debts in foreign real estate and loans to the public and private sectors in the ownership of Iranian banks and financial institutions.
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