Iran: Bank deposits rise 30% in 1 year

Financial Tribune – Deposits with Iranian banks and credit institutions have been rising over the past year to reach 23,493.9 trillion rials ($181.4 billion as per current exchange rates) by the end of sixth calendar month to September 22, according to Central Bank of Iran.

Bank deposits increased by 5,435.9 trillion rials ($41.9 billion) over the course of the year, indicating a 30.1% rise annually and up 13.6% compared to figures reported for the end of last fiscal year on March 19, 2019.

As usual deposits with banks in Tehran Province accounted for 54.48% of the total deposits, according to the report on the CBI website.

About 12,799.9 trillion rials ($98.8 billion) in deposits were held with banks in the capital during the period.