Iran state banks debts exceed $32 billion

The total debt of 11 state-run banks to the Central Bank of Iran has exceeded $32 billion, showing a 10-fold increase over the past four years.

According to records published by the Iranian Labor News Agency (ILNA) on September 26, the biggest debtor is Iran’s largest bank, Bank Melli Iran, with nearly $9 billion, followed by Bank Sepah, Iran’s oldest, with about $4.8 billion.

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