49% decrease in banks’ money creation in the first half of this year + table

According to the economic correspondent of Fars news agency, the central bank has put the implementation of the control rules of some balance sheets of banks on the agenda since last year, according to which commercial banks pay 2% per month and 24% per year and specialized banks pay 2.5% per month. percent and in one year 30 percent were allowed to increase the balance sheet.

Of course, this control was directed to the right side of the balance sheet, and in order to manage the money creation of banks, some components of the balance sheet, such as cash balance, deposits with the central bank, and the purchase of government bonds, were excluded from the control of the balance sheet. The purpose of controlling the balance sheet of banks was to control the growth of liquidity and money creation of banks, which would eventually lead to a decrease in the inflation rate in the country.

These rules were implemented until August of this year, and since then, the balance sheet control rules have been subject to additional changes. These changes included changing the growth rate of banks’ balance sheets so that banks are based on 7 regulatory components “bank/credit institution rating score based on the CAMELS method; capital adequacy ratio; interbank market situation; overdraft status; The status of non-current Rial claims; the status of compliance with anti-money laundering directives; Professional judgment of the state of the bank/credit institution from the point of view of the inspection group within the framework of the relevant rules and regulations (observance of the interest rate of deposits and facilities, macro, related, investments and transparency)» will be

In general, the implementation of control of some balance sheets of banks in the first 6 months has had a noticeable effect on the growth of facilities and deposits. The growth of deposits increased from 20.8% in the first 6 months of last year to 14.7% in the first 6 months of this year, and the growth of deposits after deducting legal deposits decreased from 21.2% in the first 6 months of last year to 14.6% in the first 6 months of this year.

The balance of granted facilities grew by 23.7% in the first 6 months of 2014, but this amount was only 12.08% in the first 6 months of this year. Therefore, the growth of the balance of payment facilities of all banks has decreased by 49% compared to the observation period of the previous year.

This reduction in the balance of payment facilities has been achieved while according to the statistics of the Central Bank, the amount of payment facilities in the first 6 months of 2011 was equal to 1954 thousand billion tomans, which has grown by 49% compared to the same period of the previous year.

The growth of the balance of granted facilities in the first 6 months of last year was about 58%, and this figure shows that the growth of banks’ lending has found a more reasonable ratio, but it seems that another reason is the decrease in the growth of the balance of granted facilities, the collection of more granted facilities in 6 It was the first month of this year.

* Figures in billion tomans

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