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                                        Volume. 11978

List of 575 major defaulters on bank loans sent to Judiciary: VP
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c_330_235_16777215_0___images_stories_edim_04_ma1(7).jpgTEHRAN - Iranian First Vice President Es'haq Jahangiri says 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 on Monday.
 
There is no doubt that unemployment and inflation are the main challenges facing the government, he noted.
 
On April 20, Jahangiri said that the unemployment rate in Iran had reached a critical level. 
 
He cited unemployment as the main challenge facing the administration, adding that the problem can only be resolved through boosting the economy and attracting more investment.
 
In January, Central Bank of Iran Governor Valiollah Seif said that special committees would be formed at bank branches to collect unpaid loans.
 
The administration is resolved and committed to follow up the issue and help the banking system recover the money loaned out, he stated.
 
MA/HG

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