Volume. 12233
Iranian administration owes over $22.5b to national banking system: banker
Print E-mail
Font Size Larger Font Smaller Font
c_330_235_16777215_0___images_stories_edim_04_mg2(105).jpgTEHRAN – The Iranian administration owes 700 trillion rials (over $22.5 billion) to the national banking system, according to Abdonnaser Hemmati, the governor of Bank Melli Iran.
Iranian First Vice President Es'haq Jahangiri said on May 5 that a list of 575 major defaulters on bank loans has been prepared and sent to the Judiciary.
“The national banking system is in a critical situation, facing 820 trillion rials (about $32 billion) of bad loans,” the Mehr News Agency quoted Jahangiri as saying.
The Central Bank of Iran recently said that sixty-one Iranians owe more than one trillion tials (about $40 million) each in bad loans to the national banking system.
Moreover, 112 Iranians each have defaulted on 500-1,000 billion rials ($20-40 million) bank loans.

rssfeed socializeit
Socialize this
Subscribe to our RSS feed to stay in touch and receive all of TT updates right in your feed reader
Twitter Facebook Myspace Stumbleupon Digg Technorati aol blogger google reddit