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18% Growth in Banks’ Overseas Assets: CBI
Iranian banks held foreign assets worth 23,833.1 trillion rials ($79.4 billion) by the end of the fourth calendar month on July 22. This was up 18.2% compared to the similar period last year.
Data released by Central Bank of Iran show that the pace of growth foreign assets declined noticeably. Banks’ annualized growth in overseas assets was 54.6% in July 2021.
CBI’s foreign assets were in the region of 7,289.6 trillion rials ($24.3b) in the period, up 10.5% y/y but down 0.4% in the first four months of the present fiscal year.
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