Total capital of Iranian banks up 40%
ILNA: A report published in the Persian - speaking newspaper Iran on Saturday said that the total capital of Iranian banks reached the unprecedented figure of rials 13.3 quadrillion($480 billion) over the past year. The figure was higher than the previous year by rials 3.8 quadrillion($138 billion).
Iran has quoted a report by the Business Monitor International(BMI) as saying that the total capital of Iran’s banks in ۲۰۱۳ stood at rials ۹.۴ quadrillion($۳۴۳ billion) showing a growth of ۱۷ percent year on year.
The rise in the capital of Iranian banks, the report said, comes despite the fact that Iran’s banking system is under strict US - led sanctions.
It further added that the deposits in Iranian banks for ۲۰۱۴ had reached rials ۵.۹ quadrillion($۲۱۴ billion) and that the loans paid to the public totaled rials ۵ quadrillion($۱۸۳ billion). The deposits indicated a growth of ۳۴ percent while the loans were up ۲۲ percent compared to the previous year, the report said.