Iran’s Deposits with Foreign Banks Top $13 Billion: BIS

The Bank for International Settlements (BIS) put Iran’s total deposits with foreign banks and financial institutions at more than $13 billion.

News ID: ۸۴۲۰۷۴

13 May 2024

EghtesadOnline: The BIS said Iran’s financial transactions with foreign banks in the 4th quarter of 2023 registered a 10 percent growth.

In its latest report, the bank put the amount of Iran’s deposits with foreign financial institutions and banks at the end of 4th quarter of 2023 at $13.143 billion.

Iran’s deposits with foreign banks and financial institutions increased by $1.148 billion in the 4th quarter of 2023, showing a nine percent hike compared to the same period in 2022, the report added.

It said Iran’s total financial transactions with foreign banks and financial institutions in the 4th quarter of 2023 exceeded $14.140 billion, showing a 10% growth compared to the 3rd quarter of the same year.

Iran’s total foreign transactions with foreign banks and financial institutions in the 3rd quarter of 2023 hit $12.832 billion, the report added.

The Bank for International Settlements is headquartered in Basel, Switzerland, and its reports are released four times a year entitled “International Banking and Financial Market Developments". / Tasnim