CBI: Private Banks’ Lending Performance Acceptable

The Central Bank of Iran says banks have managed to improve their lending performance across provinces.

“The loan to deposit ratio [LDR] in banks and credit institutions nationwide had increased from 77% in 2020 to approximately 83.5% by May 22, 2023. The LDR in private banks and credit institutions [taking into account the data related to the central offices of companies located in Tehran] has also increased from 61% in 2020 to around 67.4% at present,” Abouzar Soroush, CBI’s deputy for supervision, was quoted as saying by IBENA.