Iran bad loans
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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…
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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…
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$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…
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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…