20 August 2017 - 14:05

CBI: Interest Rate of Interbank Market Exceeds 18 percent

Iran’s central Bank reported the function of interbank market in last Iranian calendar year, declaring the interest rate average was 18.62 percent.
News ID : 73750
بانک مرکزی

Central Bank of Iran reported the share of banks’ deposits among private banks sector (non-state and privatized) in previous year stood at 14,608,194 billion rials, devoting 47 percent of total deposits share and also interest rate average was 19.58 percent.



Iran’s Central bank’s report revealed the share of state-owned banks’ deposits was 16,242,194 billion rials in prior Iranian calendar year, the share of deposits and interest rate average in this sector was 52 percent and 18.5 percent, respectively.



This report emphasizes that the deposit volume in credit institutions was 106,762 billion rials, dedicating nothing to deposit share and their interest rate average was 19.73 percent.


Send Comment