CBI will release a list of major bank loan defaulters by Friday

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TEHRAN – The Central Bank of Iran (CBI) will publish the list of the main defaulters of bank loans by the end of Iran’s current calendar week (Friday), the bank’s governor announced.

“As we promised earlier, the list of the main defaulters of bank loans will be published in more detail by the end of the week,” Ali Saleh-Abadi told IRNA after meeting with the banks’ chief executives on Monday.

Last week, CBI Public Relations Director Mostafa Qamari-Vafa announced in a tweet: “As part of the comprehensive plan to reform the banking network and based on the financial discipline and creditworthiness of the banks, as per Section D of Note 16 of the Budget Act of 1401 ( current Iranian calendar year) will publish the names of the main bank loan defaulters starting next week.”

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

As Finance and Economy Minister Ehsan Khandouzi announced on April 11, 11 state-owned banks had already published their lists of major defaulters.

Noting that this level of transparency was unprecedented in the country’s banking history, the minister said: “The names of companies and physical entities that have been among the major deadbeats in bank lending have been disclosed and we hope that this will be the case will help the banks collect the debt and provide the basis for more creditworthy people, whether producers or ordinary people, to access the bank’s resources.”

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