Banks’ NPLs Top $30b

EghtesadOnline: Iranian banks and credit institutions held a total of about 1.3 quadrillion rials ($30.87 billion) in non-performing loans by the end of the previous fiscal year on March 20, 2018, according to the rapporteur of Majlis Economic Commission.

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Publish Date:27/May/2018 | 24:07

New Report Reveals Banks’ NPL Ratio Gap

EghtesadOnline: A senior member of Majlis Article 90 Commission presented the latest report on the state of non-performing loans of Iran's banking system in Tuesday's open session, which painted a highly contrasting picture.

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Publish Date:23/May/2018 | 09:49

No Hope of Fully Recouping NPLs

EghtesadOnline: The vice governor of Central Bank of Iran expressed doubts about the possibility of fully recovering the banking resources tied up in non-performing loans that amount to billions of dollars, a thorny issue dragging on the troubled banking sector for nearly a decade.

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Publish Date:12/May/2018 | 10:28

Majlis Approves Funding to Disregard Bad Loan Fines

EghtesadOnline: The Central Bank of Iran has parliamentary approval to receive 50 trillion rials ($1.19 billion) to start the next phases of the scheme to write-off fines on non-performing loans with the aim of reviving the principal amount, according to a member of the board of directors of the Planning and Budget Commission of the parliament.

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Publish Date:14/January/2018 | 10:27

BMI Recovering Bad Loans

EghtesadOnline: Bank Melli Iran has managed to recover more than 64 trillion rials ($1.13 billion) of its non-performing loans during 2013-16, announced the bank’s chief executive.

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Publish Date:11/November/2017 | 10:34

Recovery of Bad Loans Underway

EghtesadOnline: The government’s initiatives to recover banks’ non-performing loans are to continue in the current administration in line with curbing the volume of the banking system’s sour debts and improving banks’ risk ratings, the head of the Committee for Fighting Economic Crimes announced.

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Publish Date:18/September/2017 | 05:19

Banking Reforms Get a Second Wind

EghtesadOnline: The Iranian banking system has been combating a variety of serious problems such as a crippling credit crunch, sky-high non-performing loans and a lower share of the money market caused by the activities of shadow banks.

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Publish Date:16/August/2017 | 09:21

NPL Penalty Waiver Enters 3rd Phase

EghtesadOnline: The next phase of waiving late payment penalties for non-performing loans has begun at the Central Bank of Iran, prioritizing loans under 400 million rials ($10,600).

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Publish Date:19/July/2017 | 09:01

$1 Billion Worth of NPLs Returned

EghtesadOnline: Since a government scheme waived penalties for non-performing loans, a total of 40 trillion rials ($1.06 billion) worth of bad loans have been returned by the people, the deputy head of the Planning and Budget Commission of the parliament announced.

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Publish Date:11/July/2017 | 07:26

Drop in BMI NPLs

EghtesadOnline: Iran’s biggest bank managed to reduce its ratio of non-performing loans to total loans in the last Iranian year (ended March 20, 2017).

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Publish Date:21/June/2017 | 08:20

Bank Melli Iran to Set Up Debt Collection Agency

EghtesadOnline: Bank Melli Iran, the country's largest commercial lender, is set to establish a company tasked with recovering its non-performing loans, announced a member of the state-owned bank's board of directors.

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Publish Date:13/June/2017 | 05:56

Bank Melli Iran’s NPL Ratio at 7.7%

EghtesadOnline: Bank Melli Iran's ratio of non-performing loans to total loans currently stands at 7.7%, about 3% lower than the average ratio for the domestic banking system, announced the chief executive of the largest Iranian bank.

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Publish Date:08/May/2017 | 10:49

NPL Penalty Waiver Ceiling to Increase

EghtesadOnline: Governor of the Central Bank of Iran Valiollah Seif announced that the second phase of waiving late payment penalties for non-performing loans will be implemented soon.

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Publish Date:07/May/2017 | 06:33

NPL Ratio Near Int’l Norms

EghtesadOnline: The trend of Iranian banking system in recovering non-performing loans has gained momentum and brought the NPL ratio close to international standards, the chief executive of Export Development Bank of Iran said.

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Publish Date:03/May/2017 | 11:49

NPL Volume Rises as Ratio Dwindles

EghtesadOnline: A study of official data pertaining to non-performing loans in the Iranian banking system over the past six years conducted by the Tehran Chamber of Commerce, Industries, Mines and Agriculture has found that even though the ratio of bad loans has decreased in this period, the volume has increased steadily.

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Publish Date:12/November/2017 | 05:25

Banks Urged to Prioritize Bad Loan Recovery

EghtesadOnline: As the Iranian banking system continues to grapple with the growing problem of sour loans, the governor of the Central Bank of Iran has urged lenders to direct the bulk of their efforts toward recovering their non-performing loans.

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Publish Date:27/May/2017 | 05:21

Iranian Banks Speed Up Bad Loan Recovery

EghtesadOnline: Since February 2017 when the Cabinet first approved that penalties for non-performing loans will be waived for loans up to 1 billion rials ($28,178), about 8 trillion rials ($213 million) of fines have been waived and the banking system has recovered more than 1.6 trillion rials ($426 million) in bed debt, said the chairman of Majlis Planning and Budget Commission.

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Publish Date:12/April/2017 | 08:09