Bad Loans

EghtesadOnline: Non-performing loans (NPLs) of Iranian banks and credit institutions reached 2,250 trillion rials ($8.3 billion) by the end of the first quarter of the current fiscal year (June 21), the Central Bank of Iran said.

EghtesadOnline: Data published by the Central Bank of Iran show lenders have performed reasonably better in reducing non-performing loans in the previous fiscal year that ended in March.

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.