25% growth of facilities despite 4% growth of liquidity in spring

According to Iran Economistthe 10th meeting of the country’s economic information and publicity headquarters was held in order to examine the performance of the banking system in the payment of facilities in the presidential institution.

In this meeting, Sepehr Khalji, head of the country’s economic information and publicity headquarters, pointed to the government’s concern in financing the production sector and also paying micro-facilities to the people and clarified: In the sectors where the performance of the banking system in paying the facilties is defensible, effective measures should be taken to inform and present this performance to the people; In the departments where the payment of facilities was not in accordance with the assigned tasks, the root of the problem should be identified and action should be taken to solve it.

Providing a comparative report on the performance of the banking system in the payment of facilities, Mohammad Shirijian, the deputy economic director of the Central Bank, said: following the formulation and implementation of the monetary plan and setting the liquidity growth target for the years 1401 and 1402, in addition to the strict pursuit of the policy of controlling the growth of banks’ balance sheets and fining banks that violate the limits set by increasing the ratio of legal deposits, liquidity growth has decreased significantly since the beginning of the 13th government’s work, from 42.8% in October 1400 to 29% in June 1402 has reached and in 1401 liquidity growth reached 31% while the previous year this amount was 39%.

He stated: Nevertheless, in 1401, we have seen a 45.3% growth in the payment of facilities. Payment facilities in the first quarter of 1402 also increased by 25.8 percent compared to the same period last year, while the cumulative growth of liquidity in the first quarter of this year was 3.9 percent, and this statistic shows that liquidity control and some control of banks’ balance sheets did not lead to a decrease in payment of facilities.

In this meeting, approvals were adopted to improve information in this field and tasks were determined for the relevant institutions.