Interbank Lending Picks Up

April 25, 2021
banking

D ata released by the Central Bank of Iran indicate that banks handled transactions worth almost 775.3 trillion rials ($3.2 billion) a day at the interbank market in the previous fiscal year (March 2020-21).

Average daily transactions increased 16% compared to the average 668.4 trillion rials ($2.7b) a year earlier, the CBI website reported.

Private banks topped the list borrowing an average 619.5 trillion rials ($2.5b) a day from banks in the market. Three privatized banks -- Bank Mellat, Tejarat Bank and Bank Sederat Iran -- were the main lenders at 418.6 trillion rials ($1.74b) a day.

financialtribune



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