Atlas Khodro’s multi-billion dollar loan from two banks

According to the Iran Economist, based on the announcement of the Central Bank about the list of large debtors of public and private banks, Atlas Khodro Company has received 4 large loans from Eghtesad Novin Bank and one large loan from Pasargad Bank.

Atlas Khodro’s debt to Eghtesad-e-Novin Bank has been postponed, and by the end of last year, the company had a total of 89 billion Tomans in overdue debt to Eghtesad-e-Novin Bank.

The current debt balance of Atlas Khodro Company to Pasargad Bank is 530 billion Tomans.

The total current and non-current debt of the company to Pasargad Bank and New Economy is 652 billion Tomans.