“We managed to reduce the NPLs’ ratio to 10.7% at the beginning of the new Iranian year (started March 21) from 15.1% in September 2013,” Kazem Palizdar was also quoted as saying by ILNA. The official noted that the volume of NPLs as of July 22, 2017, stood at 1.07 quadrillion rials ($27.4 billion), which indicates a 43% increase compared to four years ago when President Hassan Rouhani’s administration took office. However, the amount of allocated loans during the 43-month-period has doubled and indicates the fact that banks’ risk ratings have dropped compared to four years ago, Financial Trubune reported.