Date: 02 September 2019 , 16:16
News ID: 6315
NEWS SERVICE: ECONOMY and TRADE

Iranian banks’ foreign assets up 13%

The total value of Iranian banks’ foreign assets by June 21 stood at 9.245 quadrillion rials (about $220.11 billion), registering a 13-percent rise compared with the corresponding period of last year.
Iranian banks’ foreign assets up 13%

According to the latest data published by the Central Bank of Iran (CBI), the figure stood at 8.188 quadrillion rials (about $194.9 billion) for the last year’s same time span, and it reached 9.171 quadrillion rials (about $218.35 billion) at the end of the last Iranian calendar year (March 20, 2019).

Since the foreign branches of state-run banks are not considered in calculating the foreign assets, private banks and non-bank credit institutions account for the biggest share of the country’s banking system’s foreign assets.

As reported, Central Bank of Iran’s foreign assets, however, witnessed a slight 1.5-percent decrease in the said period, falling to 4.527 quadrillion rials (nearly $107.8 billion) from last year’s 4.594 quadrillion rials (about $109.4 billion).

source: Tehran Times
Central Bank of Iran Iranian rial
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