News ID: 324217
Published: 0153 GMT September 19, 2022

CBI: Loan-to-deposit ratio tops 81% in August

CBI: Loan-to-deposit ratio tops 81% in August

Central Bank of Iran (CBI) figures showed that the ratio of deposits that Iranian commercial banks lent out to customers rose slightly in the month to late August to hit 81.1%.

CBI said that the loan-to-deposit ratio in Iran has risen 0.1% year on year in August, adding that the figure was an increase of 2.1% against the end of the last Iranian calendar year in late March, Press TV reported.

However, the CBI said the ratio of deposits that commercial banks lent out in August in the province of Tehran, where the capital is located, was 90.1%. It reported the highest regional loan-to-deposit ratio in Kohgiluyeh and Boyer-Ahmad, a small province located in southwest of Iran.

Total deposits rose 35.5% year on year in August to reach 61,512 trillion rials ($193.7 billion) while total loans increased by 34.9% over the same period to reach 44,850 trillion rials ($141.25 billion), showed CBI figures.

Banks in the province of Tehran accounted for more than 53% of the deposits and nearly 61% of the loans in the calendar month to late August, said the CBI, adding that the large share was because big  companies and government firms are headquartered in the capital city.

 

   
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