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EghtesadOnline: Bank customers had 29,326.1 trillion rials ($127.5 billion) in deposits by the end of the calendar month to June 20, according to monthly data released by the Central Bank of Iran.

Deposits with banks and credit institutions showed 34.7% rise compared to the same period last year when clients had 21,765.73 trillion rials ($94.63b) in deposits.

Deposits rose 8% compared to the end of the last fiscal year (March 2019), when it was 27,162.84 trillion rials ($118.09b).

As usual, the majority of deposits (54.08%) were in banks in Tehran Province -- 15,860.3 trillion rials ($68.95b).

Isfahan Province was next with nearly 1,549.07 trillion rials ($6.73b). At the bottom end of the list was Kohgilouyeh-Boyerahmad Province with 74.2 trillion rials ($322.6 million). 


Outstanding Loans

Outstanding loans jumped 5,038.8 trillion rials ($21.9b) in the year to June 20, reaching 20,695.94 trillion rials ($89.98b) – up 32.2% on an annualized basis.  

Total unpaid loans hiked by 6.9% compared to the amount at the end of last fiscal year.

With 13,436.4 trillion rials ($58.42b), Tehran Province topped the list with the highest value of outstanding loan.

At the bottom end was Kohgilouyeh-Boyerahmad Province with 70.4 trillion rials ($306.08 million).

The regulator said one of the main reasons for Tehran's top slot in both deposits and bad loans is that the capital is home to head offices of most businesses across the country. 

This gives rise to a whole lot of financial and banking demands, including for loans, credit and other services.


Loan-to-Deposit Ratio

Compared to the end of the last fiscal year, the loan-to-deposit ratio (LDR) fell 1.6% to reach 77.8%, also indicating 2.3% annual decline.

The ratio for Tehran Province was 92.5 and Kohgilouyeh-Boyerahmad Province 106%.

LDR is used to assess a bank's liquidity by comparing the total loans to total deposits for a specific period and is expressed in percentage.

If the ratio is too high, the bank may not have enough liquidity to cover unforeseen fund requirements. Conversely, if it is too low, the bank may not be earning as much as it should be.


Iran bank Customers deposits