Iran non-performing loans
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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,…
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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…
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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…
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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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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…
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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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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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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…
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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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$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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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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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…
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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…
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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…
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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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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…
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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…