Record-breaking repayment of bank loans

The ratio of non-current facilities to total facilities improved last year in the rial sector and reached the lowest level in the last 16 years. Meanwhile, this index has worsened in the foreign exchange sector. A deterioration that seems to be caused by currency fluctuations and exchange rate changes.

The possibility of collection and repayment Currency facilities Dropped.

The latest report of the Central Bank of Economic Indicators in 1401 shows that the ratio of non-current facilities to total facilities in Riyal and foreign currency sectors (government and non-government sectors) has displayed two different trends.

In fact, non-current facilities include overdue, overdue and questionable claims that the recipient of the facility has not fulfilled his obligations in repaying the loan. In the standard mode, the ratio of non-current receivables to total facilities in each bank and the entire banking system should be less than 5%, but this ratio is not observed in many banks of the country, and doubtful receivables have become one of the problems of the banking system.

The ratio of non-current Rial facilities is at the bottom of 16 years

Examining the ratio of non-current facilities to total facilities in Rial sector shows that this ratio has improved in recent years. In this way, the ratio of non-current facilities to total Riyal facilities reached 4.4% at the end of 1401, which is at the lowest level in the last 15 years.

The ratio of non-current facilities to total Riyal facilities was at its highest level in 2018, and this ratio has reached less than 5% at the end of last year. It seems that the reforms of the banking system in the field of credit assessment of borrowers and the quantitative and qualitative control of their financial behavior in loan allocation have been fruitful and have been able to bring the ratio of non-current facilities to total facilities to the lowest level in 15 years.

Crisis-causing challenges of currency facilities and accumulation of arrears

The decrease in the ratio of non-current facilities to total facilities in the Riyal sector has occurred while this ratio has worsened in the foreign currency sector and has reached an alarming level.

“Foreign exchange facilities” are generally granted for the import and export of goods or services, and its repayment will be in foreign currency. A significant part of Currency facilities From the source National Development Fund And it is paid by the operating banks to cover the cost of the production and service projects of the country with the currency obtained from Oil export and gas supply.

Currency repayment of this type of facility has caused challenges such as currency fluctuations for borrowers and affects their repayment.

According to the latest report of the Central Bank, the ratio of non-current foreign exchange facilities to the total Currency facilities At the end of 1401, it reached more than 16%, which was unprecedented in the last eight years and shows the high level of non-payment. Currency facilities has it.

Ratio of non-current facilities to total Currency facilities which was at an average level of 10.9% during the years 1394 to 1400, in 1401 it increased to the level of 16.6% at once, which probably the growth of the exchange rate last year had no effect on the increase of this ratio.

Examining the ratio of non-current facilities to the total foreign currency facilities in the monthly periods of 1401 compared to the previous year also shows remarkable increases. According to the data of the Central Bank, its highest level was in May of last year; In this way, the ratio of non-current foreign currency facilities to the total foreign currency facilities increased by more than 97% in May 1401 compared to May 1400. This increase in other months is also at the level above 50% and in total shows the increase of arrears Currency facilities had.

In general, the latest report of the Central Bank shows that in general, the ratio of non-current facilities to the total Riyal and foreign currency facilities in 1401 reached 6.9%, which is at a higher level than in 1399 and 1400, which is mostly affected by the arrears of the foreign exchange sector.