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Central Bank statistics show a 43.7 percent increase in deposits and 49.2 percent in bank facilities at the end of February, compared to the same period last year.

IBENA- the report on the total balance of deposits and facilities in Rials and foreign currency facilities of banks and credit institutions by province at the end of February 2020 indicates that the total balance of deposits amounted to 37056.3 billion rials, which compared to similar period in previous year, it shows rising to 11275.7 thousand billion Rials (43.7%) and compared to the end of previous year, it is 9893.5 thousand billion Rials (36.4%). The highest amount of deposits is related to Tehran province with a balance of 19906.9 thousand billion Rials and the lowest amount is related to Kohgiluyeh and Boyer Ahmad provinces is 90.1 thousand billion Rials.

The total balance of the facilities is 27028.6 thousand billion Rials, which has increased by 8908 thousand billion Rials (49.2%) compared to the same period of previous year and 7672.8 thousand billion Rials (39.6%) compared to the end of the previous year. The highest amount of facilities is related to Tehran province with a balance of 17161 thousand billion Rials and the lowest amount is related to Kohgiluyeh and Boyer Ahmad provinces is 92.1 thousand billion Rials.

It is noting that the ratio of facilities to deposits after deducting the legal deposit is 81.1 percent, which shows an increase of 2.7 and 1.7 percentage points, respectively, compared to the same period of previous year and the end of previous year. The mentioned ratio is 94.8 percent in Tehran province and 115.1 percent in Kohgiluyeh and Boyer Ahmad provinces.

The Central Bank has announced that one of the important reasons for high facilities and deposits in Tehran province is establishment of headquarters of many companies and manufacturing institutions from other provinces in Tehran and most of the banking activities are carried out through branches of banks and credit institutions in Tehran province.

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