Iran Probes Accumulation of $32 Billion in Bad Debt, IRNA Says
- Iran’s central bank has formed a committee to investigate how lenders accumulated the equivalent of $32.4 billion in bad loans “some years ago,” the official Islamic Republic News Agency, citing Economy Minister Ali Tayebnia. The committee includes officials from the judiciary and parliament, IRNA reported, citing Tayebnia’s remarks to state-run television on Saturday. The report didn’t provide details on the amount of total loans in the banking system. Some of the loans were extended to “debtors with a bad record, clients who weren’t ...
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