Bank loans

CBI to release list of top bank loan defaulters next week

TEHRAN – The Central Bank of Iran will release the list of major bank loan defaulters in the next Iranian calendar week (starts Saturday, April 16).

CBI Director of Public Relations Mostafa Qamari-Vafa tweeted: “The central bank, as part of the overall banking network reform plan and on the basis of financial discipline and credit health of banks, according to paragraph D of note 16 of the budget Law of 1401 (current Iranian calendar year) will publish the names of the main defaulters on bank loans from next week.

According to the CBI, the table relating to information on major bank debtors will be completed in the middle of the next Iranian calendar month (April 20-May 20) after receiving relevant information from banks.

As Finance and Economic Affairs Minister Ehsan Khandouzi announced on Monday, 11 public banks have already published their list of major defaulters.

Stressing that this level of transparency is unprecedented in the country’s banking history, the Minister said: “The names of the actual companies and entities that were among the major bad payers on bank loans have been revealed, and we hope that this will help banks recover debts and allow more creditworthy people, whether producers or ordinary citizens, to have access to bank resources.