News   /   Economy

Iran’s central bank says loan-to-deposit ratio rose 0.1% to 81.1% in August

US Rep. Ilhan Omar (D-MN) (L) talks with Speaker of the House Nancy Pelosi (D-CA) during a rally with fellow Democrats before voting on H.R. 1, or the People Act, on the East Steps of the US Capitol on March 08, 2019 in Washington, DC. (AFP photo)
File photo shows customers in a bank branch in Iran.

Central Bank of Iran (CBI) figures show the ratio of deposits that Iranian commercial banks lent out to customers rose slightly in the calendar month to late August to reach 81.1%.

CBI said on Sunday that the loan-to-deposit ratio in Iran had risen 0.1% year on year in August, adding that the figure was an increase of 2.1% against the end of the last Iranian calendar year in late March.

However, the top bank said the ratio of deposits that commercial banks lent out in August in the province of Tehran, where the capital is located, was 90.1%. It reported the highest regional loan-to-deposit ratio in Kohgiluyeh and Boyer-Ahmad, a small province located in southwest of Iran.

Total deposits rose 35.5% year on year in August to reach 61,512 trillion rials ($193.7 billion) while total loans increased by 34.9% over the same period to reach 44,850 trillion rials ($141.25 billion), showed CBI figures.

Banks in the province of Tehran accounted for more than 53% of the deposits and nearly 61% of the loans in the calendar month to late August, said the CBI, adding that the large share was because big  companies and government firms are headquartered in the capital city.

Press TV’s website can also be accessed at the following alternate addresses:

Press TV News Roku