Loan defaults of Iranian banks hit $48b
Tehran Times Economic Desk

TEHRAN – In its latest report, the Central Bank of Iran (CBI) stated that loan defaults of Iranian banks have reached $48 billion.

In addition, the CBI said it believes the country is in stagnation in various economic sectors.

CBI official Hamid Tehranfar told the Mehr News Agency that loan defaults of Iranian banks reached $48 billion in mid-November.

He pointed out that the defaults are not isolated from the country’s economy.

Tehranfar warned that the current economic situation will lead to an increase in defaults of Iranian banks.

   Print Version     |        Back    |     Send To Friend