News / Economy

Iran banks’ foreign assets up 19% in 9 month period

Sunday, 01 February 2015 6:38 PM [ Last Update: Sunday, 01 February 2015 6:38 PM ]

File photo of the Central Bank of Iran.

The value of overseas assets of Iranian banks has increased by nearly one-fifth within a 9-month period.

The balance sheet released by the Central Bank of Iran indicates that the foreign assets held by Iranian banks and credit institutions increased by 19% in the first 9 months of the Persian calendar year (March 21-March 20).

According to the CBI report, the value of the foreign assets of Iranian banks exceeded USD78.1 billions in December 2014.

The figure stood at USD35.6 billions in December 2012.

Meanwhile, net foreign assets held by the Central Bank of Iran showed a 14% increase in the first half of the Iranian calendar year (March 21-March 20), reaching USD63 billions.

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