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EghtesadOnline: The vice governor of Central Bank of Iran expressed doubts about the possibility of fully recovering the banking resources tied up in non-performing loans that amount to billions of dollars, a thorny issue dragging on the troubled banking sector for nearly a decade.

"While the banking system bears the heavy burden of financing the country's small-, medium- and large-scale projects, it is grappling with many problems," Akbar Komijani also said in an address to a conference on agriculture economics on Wednesday, Banker.ir reported."One of these problems concerns the large pile of bad loans that we have no hope of recovering fully," he added. The banking sector has been struggling under President Hassan Rouhani, who took office in 2013, to recoup billions of dollars in debts piled up during the previous administration, according to Financial Tribune.

 

Central Bank of Iran Iran banking sector Iran non-performing loans Iran NPLs Iran banking resources