TODAY.AZ / World news

Iran banking system pays $147B in loans in 11 months

14 March 2017 [11:39] - TODAY.AZ

By  Trend


The Iranian banking system paid ?4,775.8? trillion rials ($147.32 billion based on official exchange rate of $1=32,417 rials) in loans in the 11-month period from March 20, 2016, the Central Bank of Iran (CBI) said.

The figure indicates a rise by 37.1 percent compared to the first 11 months of the last Iranian fiscal year (March 20, 2015-Feb. 20, 2016).

Over $15.22 billion in loans were paid to the various sectors in eleventh Iranian calendar month of Bahman (Jan. 20-Feb. 20).

Iran has been struggling with bad loans over the past few years.

URL: http://www.today.az/news/regions/159421.html

Print version

Views: 853

Connect with us. Get latest news and updates.

Recommend news to friend

  • Your name:
  • Your e-mail:
  • Friend's name:
  • Friend's e-mail: