Balance of major monetary and credit aggregates at the end of Mordad 1399

Growth rate at the end of the Share in growth at the end of the period Balance (trillion rials) period (percent) (percentage point)

Mordad Mordad Mordad 1399 to Mordad 1399 to Mordad 1399 to Mordad 1399 to 1398 1398 1399 Mordad 1398 Esfand 1398 Mordad 1398 Esfand 1398 Monetary base (sources) 2,863.6 3,528.5 3,632.0 26.8 2.9 26.8 2.9 CBI foreign assets (net) 2,530.3 3,475.7 3,722.7 47.1 7.1 41.6 7.0 CBI claims on public sector (net) 338.9 156.3 114.3 -66.3 -26.9 -7.8 -1.2 Monetary CBI claims on banks 1,251.3 1,106.9 1,163.1 -7.0 5.1 -3.1 1.6 Base CBI other items (net) -1,256.9 -1,210.4 -1,368.1 -8.8 -13.0 -3.9 -4.5 Monetary base (uses) 2,863.6 3,528.5 3,632.0 26.8 2.9 Notes and coins in circulation 624.5 701.4 697.2 11.6 -0.6 Deposits of banks and credit institutions with the CBI 2,239.1 2,827.1 2,934.8 31.1 3.8 Ratio of notes and coins with the public to total deposits 0.0251 0.0254 0.0215 -14.3 -15.4 Money Ratio of reserve requirement to total deposits 0.1060 0.1080 0.0985 -7.1 -8.8 Multiplier Ratio of excess reserves to total deposits 0.0103 0.0130 0.0116 12.6 -10.8 Money multiplier 7.252 7.006 7.764 7.1 10.8 M2 and contribution of factors affecting M2 growth 20,765.9 24,721.5 28,199.3 35.8 14.1 35.8 14.1 Foreign assets (net) 3,371.4 4,632.3 5,056.0 50.0 9.1 8.1 1.7 Central Bank 2,530.3 3,475.7 3,722.7 47.1 7.1 5.7 1.0 Banks and credit institutions 841.1 1,156.6 1,333.3 58.5 15.3 2.4 0.7 Domestic assets (net) 17,394.5 20,089.2 23,143.3 33.0 15.2 27.7 12.4 Domestic claims 14,574.1 16,955.8 19,236.9 32.0 13.5 22.5 9.3 Claims on government (net) 2,436.8 2,386.7 2,851.2 17.0 19.5 2.0 1.9 Central Bank 163.7 -181.4 -183.2 -211.9 -1.0 -1.7 0.0 Banks and credit institutions 2,273.1 2,568.1 3,034.4 33.5 18.2 3.7 1.9 Claims on public corporations and institutions (net) 225.5 406.3 405.2 79.7 -0.3 0.9 0.0 Central Bank 175.2 337.7 297.5 69.8 -11.9 0.6 -0.2 Banks and credit institutions 50.3 68.6 107.7 114.1 57.0 0.3 0.2 Claims on non-public sector 11,911.8 14,162.8 15,980.5 34.2 12.8 19.6 7.4 Other items (net) 2,820.4 3,133.4 3,906.4 38.5 24.7 5.2 3.1 M2 Share of determinants' balance in M2 balance (percent) M2 and its determinants 20,765.9 24,721.5 28,199.3 35.8 14.1 Esfand 1398 Mordad 1399 M1 3,264.5 4,273.0 5,730.0 75.5 34.1 17.3 20.3 Notes and coins with the public 508.9 611.4 593.1 16.5 -3.0 2.5 2.1 Sight deposits 2,755.6 3,661.6 5,136.9 86.4 40.3 14.8 18.2 Quasi-money 17,501.4 20,448.5 22,469.3 28.4 9.9 82.7 79.7 Gharz-al-hasaneh savings deposits 1,096.7 1,448.1 1,689.6 54.1 16.7 5.9 6.0 Short-term deposits 6,155.3 7,081.1 8,439.1 37.1 19.2 28.6 29.9 One-year deposits 9,725.6 11,348.3 11,412.0 17.3 0.6 45.9 40.5 Two-year deposits 28.8 38.9 346.0 # # 0.2 1.2 Three-year deposits 0.7 0.6 0.5 -28.6 -16.7 0.0 0.0 Four-year deposits 4.5 4.3 4.2 -6.7 -2.3 0.0 0.0 Five-year deposits 137.4 94.8 74.4 -45.9 -21.5 0.4 0.3 Miscellaneous deposits 352.4 432.4 503.5 42.9 16.4 1.7 1.8 # More than 500 percent increase. CBI: Central Bank of the IRI. 1 Table 1 Summary of the Assets and Liabilities of the Banking System (trillion rials) Balance at the end of the Percentage change Mordad 1398 Mordad 1399 Mordad 1398 Mordad 1399 Mordad Esfand Mordad Esfand Mordad to to to to 1397 1397 1398 1398 1399 Mordad 1397 Mordad 1398 Esfand 1397 Esfand 1398 Assets Foreign assets 8,032.8 9,171.4 9,352.6 11,580.4 12,562.1 16.4 34.3 2.0 8.5 2 Claims on public sector 2,871.9 3,325.5 3,675.9 4,164.9 4,857.5 28.0 32.1 10.5 16.6 Government 2,549.2 3,041.3 3,388.7 3,697.1 4,390.4 32.9 29.6 11.4 18.8 Public corporations and institutions 322.7 284.2 287.2 467.8 467.1 -11.0 62.6 1.1 -0.1 3 Claims on non-public sector 11,496.7 13,126.1 13,547.4 16,220.2 18,600.3 17.8 37.3 3.2 14.7 Others 10,545.3 13,163.0 13,156.9 15,470.0 16,295.2 24.8 23.9 0.0 5.3 Sub-total 32,946.7 38,786.0 39,732.8 47,435.5 52,315.1 20.6 31.7 2.4 10.3 Below the line items 4,465.9 4,748.7 5,566.4 6,767.9 7,491.8 24.6 34.6 17.2 10.7 Total assets = total liabilities 37,412.6 43,534.7 45,299.2 54,203.4 59,806.9 21.1 32.0 4.1 10.3 Liabilities M2 16,466.9 18,828.9 20,765.9 24,721.5 28,199.3 26.1 35.8 10.3 14.1 M1 2,315.9 2,852.3 3,264.5 4,273.0 5,730.0 41.0 75.5 14.5 34.1 Quasi-money 14,151.0 15,976.6 17,501.4 20,448.5 22,469.3 23.7 28.4 9.5 9.9 Loans and deposits of public sector 853.5 915.9 1,006.7 1,366.9 1,595.2 17.9 58.5 9.9 16.7 Government 810.2 861.8 951.9 1,310.4 1,539.2 17.5 61.7 10.5 17.5 Public corporations and institutions 43.3 54.1 54.8 56.5 56.0 26.6 2.2 1.3 -0.9 Capital account 509.4 489.2 95.7 -438.9 -396.7 -81.2 # -80.4 9.6 Foreign loans and credits and foreign exchange deposits 4,988.3 5,918.8 5,981.2 6,948.1 7,506.1 19.9 25.5 1.1 8.0 Imports order registration deposit by non-public sector 0.0 0.0 0.0 0.0 0.0 θ θ θ θ Advance payments on Letters of Credit by public sector 0.3 1.7 1.7 1.8 0.7 466.7 -58.8 0.0 -61.1 Others 10,128.3 12,631.5 11,881.6 14,836.1 15,410.5 17.3 29.7 -5.9 3.9 Sub-total 32,946.7 38,786.0 39,732.8 47,435.5 52,315.1 20.6 31.7 2.4 10.3 Below the line items 4,465.9 4,748.7 5,566.4 6,767.9 7,491.8 24.6 34.6 17.2 10.7

1 Includes Central Bank, banks, and non-bank credit institutions while excludes commercial banks' branches abroad. Meanwhile, with reference to Letter No. 2958 dated 8, 1398 by the CBI's Vice-Governor for Banking Supervision Affairs and based on the Approvals by the Money and Credit Council and the Supreme Council of Economic Coordination (the Heads of the Legislative, Executive, and Judicial bodies), data related to Bank Hekmat Iranian have been included in Bank Sepah’s data as of 1399. 2 Includes public sector's participation papers. Figures related to banks' and credit institutions' claims on public sector are prepared based on the data kept in the general ledgers of banks and credit institutions and are not audited. 3 As of Mordad 1398, a sum of Rls. 454 trillion worth of facilities extended by Ayandeh Bank was transferred from "current claims" heading to "other assets" heading.  Calculation of percentage change is not possible.

# More than 500 percent increase.

Summary of the Assets and Liabilities of Central Bank Table 2 of the Islamic Republic of (trillion rials) Balance at the end of the month Percentage change Mordad 1398 Mordad 1399 Mordad 1398 Mordad 1399 Mordad Esfand Mordad Esfand Mordad to to to to 1397 1397 1398 1398 1399 Mordad 1397 Mordad 1398 Esfand 1397 Esfand 1398 Assets Foreign assets 4,493.8 4,651.3 4,605.4 5,364.6 5,631.4 2.5 22.3 -1.0 5.0 Notes and coins 38.1 21.6 33.0 16.1 20.3 -13.4 -38.5 52.8 26.1 Claims on public sector 637.9 958.2 1,071.6 1,158.5 1,342.6 68.0 25.3 11.8 15.9 Government 369.2 731.2 841.6 764.3 989.1 128.0 17.5 15.1 29.4 Public corporations and institutions 268.7 227.0 230.0 394.2 353.5 -14.4 53.7 1.3 -10.3 Claims on banks 1,488.4 1,381.7 1,251.3 1,106.9 1,163.1 -15.9 -7.0 -9.4 5.1 1 Others 271.0 268.4 458.1 319.1 459.4 69.0 0.3 70.7 44.0 Sub-total 6,929.2 7,281.2 7,419.4 7,965.2 8,616.8 7.1 16.1 1.9 8.2 Below the line items 21.4 28.9 21.2 28.1 21.1 -0.9 -0.5 -26.6 -24.9 Total assets = total liabilities 6,950.6 7,310.1 7,440.6 7,993.3 8,637.9 7.0 16.1 1.8 8.1 Liabilities Notes and coins 562.9 657.5 657.5 717.5 717.5 16.8 9.1 0.0 0.0 With the public 437.0 547.5 508.9 611.4 593.1 16.5 16.5 -7.1 -3.0 With banks 87.8 88.4 115.6 90.0 104.1 31.7 -9.9 30.8 15.7 With the Central Bank 38.1 21.6 33.0 16.1 20.3 -13.4 -38.5 52.8 26.1 Deposits of banks and credit institutions 1,755.0 2,021.0 2,239.1 2,827.1 2,934.8 27.6 31.1 10.8 3.8 Reserve requirement 1,698.9 1,948.0 2,147.0 2,604.7 2,717.9 26.4 26.6 10.2 4.3 2 Sight 56.1 73.0 92.1 222.4 216.9 64.2 135.5 26.2 -2.5 Deposits of public sector 580.1 666.2 732.7 1,002.2 1,228.3 26.3 67.6 10.0 22.6 Government 536.8 612.1 677.9 945.7 1,172.3 26.3 72.9 10.7 24.0 Public corporations and institutions 43.3 54.1 54.8 56.5 56.0 26.6 2.2 1.3 -0.9 3 Capital account 89.4 118.6 95.8 116.3 108.1 7.2 12.8 -19.2 -7.1 Foreign exchange liabilities 2,179.5 2,234.8 2,075.1 1,888.9 1,908.7 -4.8 -8.0 -7.1 1.0 Imports order registration deposit by non-public sector 0.0 0.0 0.0 0.0 0.0 θ θ θ θ Advance payments on Letters of Credit by public sector 0.3 1.7 1.7 1.8 0.7 466.7 -58.8 0.0 -61.1 Others 1,762.0 1,581.4 1,617.5 1,411.4 1,718.7 -8.2 6.3 2.3 21.8 Sub-total 6,929.2 7,281.2 7,419.4 7,965.2 8,616.8 7.1 16.1 1.9 8.2 Below the line items 21.4 28.9 21.2 28.1 21.1 -0.9 -0.5 -26.6 -24.9 1 The major reason behind the increase in the CBI’s other assets at end-Mordad 1398 compared with the previous year-end has been the CBI’s payments for adjustments on tax liabilities and the government’s share in the CBI’s net profit for 1397. 2 Includes banks' foreign exchange sight deposits with the CBI. 3 Includes legal and contingency reserves.  Calculation of percentage change is not possible.

Summary of the Assets and Liabilities of Banks 1 Table 3 and Non-bank Credit Institutions (trillion rials) Balance at the end of the month Percentage change Mordad 1398 Mordad 1399 Mordad 1398 Mordad 1399 Mordad Esfand Mordad Esfand Mordad to to to to 1397 1397 1398 1398 1399 Mordad 1397 Mordad 1398 Esfand 1397 Esfand 1398 Assets Foreign assets 3,539.0 4,520.1 4,747.2 6,215.8 6,930.7 34.1 46.0 5.0 11.5 Notes and coins 87.8 88.4 115.6 90.0 104.1 31.7 -9.9 30.8 15.7 Deposits with the Central Bank 1,755.0 2,021.0 2,239.1 2,827.1 2,934.8 27.6 31.1 10.8 3.8 Reserve requirement 1,698.9 1,948.0 2,147.0 2,604.7 2,717.9 26.4 26.6 10.2 4.3 2 Sight 56.1 73.0 92.1 222.4 216.9 64.2 135.5 26.2 -2.5 3 Claims on public sector 2,234.0 2,367.3 2,604.3 3,006.4 3,514.9 16.6 35.0 10.0 16.9 Government 2,180.0 2,310.1 2,547.1 2,932.8 3,401.3 16.8 33.5 10.3 16.0 Public corporations and institutions 54.0 57.2 57.2 73.6 113.6 5.9 98.6 0.0 54.3 4 Claims on non-public sector 11,496.7 13,126.1 13,547.4 16,220.2 18,600.3 17.8 37.3 3.2 14.7 Others 6,905.0 9,381.9 9,059.8 11,110.8 11,613.5 31.2 28.2 -3.4 4.5 Sub-total 26,017.5 31,504.8 32,313.4 39,470.3 43,698.3 24.2 35.2 2.6 10.7 Below the line items 4,444.5 4,719.8 5,545.2 6,739.8 7,470.7 24.8 34.7 17.5 10.8 Total assets = total liabilities 30,462.0 36,224.6 37,858.6 46,210.1 51,169.0 24.3 35.2 4.5 10.7 Liabilities Deposits of non-public sector 16,029.9 18,281.4 20,257.0 24,110.1 27,606.2 26.4 36.3 10.8 14.5 Sight 1,878.9 2,304.8 2,755.6 3,661.6 5,136.9 46.7 86.4 19.6 40.3 Term investment 13,033.9 14,646.0 16,052.3 18,568.0 20,276.2 23.2 26.3 9.6 9.2 5 Gharz-al-hasaneh 885.5 1,026.5 1,096.7 1,448.1 1,689.6 23.9 54.1 6.8 16.7 Other 231.6 304.1 352.4 432.4 503.5 52.2 42.9 15.9 16.4 Claims of the Central Bank 1,488.4 1,381.7 1,251.3 1,106.9 1,163.1 -15.9 -7.0 -9.4 5.1 6 Loans and deposits of public sector 273.4 249.7 274.0 364.7 366.9 0.2 33.9 9.7 0.6 Capital account 420.0 370.6 -0.1 -555.2 -504.8 -100.0 # -100.0 9.1 Foreign exchange loans and deposits 2,808.8 3,684.0 3,906.1 5,059.2 5,597.4 39.1 43.3 6.0 10.6 Others 4,997.0 7,537.4 6,625.1 9,384.6 9,469.5 32.6 42.9 -12.1 0.9 Sub-total 26,017.5 31,504.8 32,313.4 39,470.3 43,698.3 24.2 35.2 2.6 10.7 Below the line items 4,444.5 4,719.8 5,545.2 6,739.8 7,470.7 24.8 34.7 17.5 10.8 1 Excludes commercial banks' branches abroad. Meanwhile, with reference to Letter No. 2958 dated Farvardin 8, 1398 by the CBI's Vice-Governor for Banking Supervision Affairs and based on the Approvals by the Money and Credit Council and the Supreme Council of Economic Coordination (the Heads of the Legislative, Executive, and Judicial bodies), data related to Bank Hekmat Iranian have been included in Bank Sepah’s data as of Khordad 1399. 2 Includes banks' foreign exchange sight deposits with the CBI. 3 Includes public sector's participation papers. Figures related to banks' and credit institutions' claims on public sector are prepared based on the data kept in the general ledgers of banks and credit institutions and are not audited. 4 As of Mordad 1398, a sum of Rls. 454 trillion worth of facilities extended by Ayandeh Bank was transferred from "current claims" heading to "other assets" heading. 5 Since Gharz-al-hasaneh deposits include the Gharz-al-hasaneh deposits of Housing Bank for housing mortgage loans related to housing deposit contracts and part of banks' Gharz-al-hasaneh deposits is assigned for reserve requirements and other purposes, therefore the Gharz-al-hasaneh deposit uses should be assessed and judged after deduction of these special uses. 6 OSF deposit balances and local currency (rial) deposits of the NDFI constitute a large proportion of government deposits in the banking system.

# More than 500 percent increase.

1 Table 4 Summary of the Assets and Liabilities of Commercial Banks (trillion rials) Balance at the end of the month Percentage change Mordad 1398 Mordad 1399 Mordad 1398 Mordad 1399 Mordad Esfand Mordad Esfand Mordad to to to to 1397 1397 1398 1398 1399 Mordad 1397 Mordad 1398 Esfand 1397 Esfand 1398 Assets Foreign assets 561.4 573.4 509.6 769.9 752.8 -9.2 47.7 -11.1 -2.2 Notes and coins 31.9 26.0 46.0 26.6 39.5 44.2 -14.1 76.9 48.5 Deposits with the Central Bank 377.6 439.1 461.1 555.5 556.5 22.1 20.7 5.0 0.2 Reserve requirement 344.3 410.7 433.2 527.5 523.8 25.8 20.9 5.5 -0.7 2 Sight 33.3 28.4 27.9 28.0 32.7 -16.2 17.2 -1.8 16.8 3 Claims on public sector 615.9 691.6 722.5 858.4 1,005.1 17.3 39.1 4.5 17.1 Government 584.3 650.1 690.7 814.4 933.8 18.2 35.2 6.2 14.7 Public corporations and institutions 31.6 41.5 31.8 44.0 71.3 0.6 124.2 -23.4 62.0 Claims on non-public sector 1,871.4 2,167.4 2,331.3 2,752.9 3,044.1 24.6 30.6 7.6 10.6 Others 1,140.7 1,922.6 1,551.2 2,404.3 2,065.2 36.0 33.1 -19.3 -14.1 Sub-total 4,598.9 5,820.1 5,621.7 7,367.6 7,463.2 22.2 32.8 -3.4 1.3 Below the line items 516.6 497.8 491.6 646.3 714.2 -4.8 45.3 -1.2 10.5 Total assets = total liabilities 5,115.5 6,317.9 6,113.3 8,013.9 8,177.4 19.5 33.8 -3.2 2.0 Liabilities Deposits of non-public sector 3,236.7 3,789.5 4,129.7 4,775.6 5,397.9 27.6 30.7 9.0 13.0 Sight 429.1 514.1 566.0 758.6 1,028.1 31.9 81.6 10.1 35.5 Term investment 2,539.6 2,938.8 3,202.9 3,537.3 3,791.8 26.1 18.4 9.0 7.2 Gharz-al-hasaneh 200.4 255.2 270.1 360.6 433.4 34.8 60.5 5.8 20.2 Other 67.6 81.4 90.7 119.1 144.6 34.2 59.4 11.4 21.4 Claims of the Central Bank 42.8 29.2 47.0 43.4 102.5 9.8 118.1 61.0 136.2 4 Loans and deposits of public sector 103.2 96.2 87.8 141.1 138.4 -14.9 57.6 -8.7 -1.9 Capital account 22.6 -25.1 -110.3 -19.2 -195.1 # -76.9 -339.4 # Foreign exchange loans and deposits 426.7 446.0 431.5 685.2 704.4 1.1 63.2 -3.3 2.8 Others 766.9 1,484.3 1,036.0 1,741.5 1,315.1 35.1 26.9 -30.2 -24.5 Sub-total 4,598.9 5,820.1 5,621.7 7,367.6 7,463.2 22.2 32.8 -3.4 1.3 Below the line items 516.6 497.8 491.6 646.3 714.2 -4.8 45.3 -1.2 10.5

1 Excludes commercial banks' branches abroad. 2 Includes commercial banks' foreign exchange sight deposits with the CBI. 3 Includes public sector's participation papers. Figures related to banks' and credit institutions' claims on public sector are prepared based on the data kept in the general ledgers of banks and credit institutions and are not audited. 4 OSF deposit balances and local currency (rial) deposits of the NDFI constitute a large proportion of government deposits in the banking system.

# More than 500 percent increase.

Table 5 Summary of the Assets and Liabilities of Specialized Banks (trillion rials) Balance at the end of the month Percentage change Mordad 1398 Mordad 1399 Mordad 1398 Mordad 1399 Mordad Esfand Mordad Esfand Mordad to to to to 1397 1397 1398 1398 1399 Mordad 1397 Mordad 1398 Esfand 1397 Esfand 1398 Assets Foreign assets 844.9 1,113.4 1,509.5 1,839.8 1,900.5 78.7 25.9 35.6 3.3 Notes and coins 9.6 11.8 11.0 11.2 10.4 14.6 -5.5 -6.8 -7.1 Deposits with the Central Bank 124.9 138.5 150.8 183.6 225.0 20.7 49.2 8.9 22.5 Reserve requirement 123.0 131.3 146.5 173.9 217.0 19.1 48.1 11.6 24.8 1 Sight 1.9 7.2 4.3 9.7 8.0 126.3 86.0 -40.3 -17.5 2 Claims on public sector 565.0 584.9 616.0 657.3 547.7 9.0 -11.1 5.3 -16.7 Government 562.7 581.0 612.3 652.2 539.1 8.8 -12.0 5.4 -17.3 Public corporations and institutions 2.3 3.9 3.7 5.1 8.6 60.9 132.4 -5.1 68.6 Claims on non-public sector 2,508.8 2,732.7 2,848.2 3,210.5 3,459.6 13.5 21.5 4.2 7.8 Others 570.2 690.7 630.5 780.6 772.8 10.6 22.6 -8.7 -1.0 Sub-total 4,623.4 5,272.0 5,766.0 6,683.0 6,916.0 24.7 19.9 9.4 3.5 Below the line items 956.5 954.3 1,405.4 1,550.5 1,631.7 46.9 16.1 47.3 5.2 Total assets = total liabilities 5,579.9 6,226.3 7,171.4 8,233.5 8,547.7 28.5 19.2 15.2 3.8 Liabilities Deposits of non-public sector 1,711.1 1,880.7 2,019.1 2,325.6 2,702.5 18.0 33.8 7.4 16.2 Sight 194.8 244.9 286.9 351.3 460.8 47.3 60.6 17.1 31.2 Term investment 1,319.1 1,438.6 1,527.3 1,757.8 2,000.0 15.8 31.0 6.2 13.8 3 Gharz-al-hasaneh 182.3 179.7 183.2 193.8 215.1 0.5 17.4 1.9 11.0 Other 14.9 17.5 21.7 22.7 26.6 45.6 22.6 24.0 17.2 Claims of the Central Bank 459.6 477.7 468.8 470.6 498.5 2.0 6.3 -1.9 5.9 4 Loans and deposits of public sector 119.5 112.1 138.5 166.1 171.0 15.9 23.5 23.6 3.0 Capital account 282.5 256.7 509.7 215.6 409.6 80.4 -19.6 98.6 90.0 Foreign exchange loans and deposits 633.0 866.6 1,189.3 1,401.8 1,460.8 87.9 22.8 37.2 4.2 Others 1,417.7 1,678.2 1,440.6 2,103.3 1,673.6 1.6 16.2 -14.2 -20.4 Sub-total 4,623.4 5,272.0 5,766.0 6,683.0 6,916.0 24.7 19.9 9.4 3.5 Below the line items 956.5 954.3 1,405.4 1,550.5 1,631.7 46.9 16.1 47.3 5.2

1 Includes specialized banks' foreign exchange sight deposits with the CBI. 2 Includes public sector's participation papers. Figures related to banks' and credit institutions' claims on public sector are prepared based on the data kept in the general ledgers of banks and credit institutions and are not audited. 3 Since Gharz-al-hasaneh deposits include the Gharz-al-hasaneh deposits of Housing Bank for housing mortgage loans related to housing deposit contracts and part of banks' Gharz-al-hasaneh deposits is assigned for reserve requirements and other purposes, therefore the Gharz-al-hasaneh deposit uses should be assessed and judged after deduction of these special uses. 4 OSF deposit balances and local currency (rial) deposits of the NDFI constitute a large proportion of government deposits in the banking system.

Summary of the Assets and Liabilities of Private Banks 1 Table 6 and Non-bank Credit Institutions (trillion rials) Balance at the end of the month Percentage change Mordad 1398 Mordad 1399 Mordad 1398 Mordad 1399 Mordad Esfand Mordad Esfand Mordad to to to to 1397 1397 1398 1398 1399 Mordad 1397 Mordad 1398 Esfand 1397 Esfand 1398 Assets Foreign assets 2,132.7 2,833.3 2,728.1 3,606.1 4,277.4 27.9 56.8 -3.7 18.6 Notes and coins 46.3 50.6 58.6 52.2 54.2 26.6 -7.5 15.8 3.8 Deposits with the Central Bank 1,252.5 1,443.4 1,627.2 2,088.0 2,153.3 29.9 32.3 12.7 3.1 Reserve requirement 1,231.6 1,406.0 1,567.3 1,903.3 1,977.1 27.3 26.1 11.5 3.9 2 Sight 20.9 37.4 59.9 184.7 176.2 186.6 194.2 60.2 -4.6 3 Claims on public sector 1,053.1 1,090.8 1,265.8 1,490.7 1,962.1 20.2 55.0 16.0 31.6 Government 1,033.0 1,079.0 1,244.1 1,466.2 1,928.4 20.4 55.0 15.3 31.5 Public corporations and institutions 20.1 11.8 21.7 24.5 33.7 8.0 55.3 83.9 37.6 4 Claims on non-public sector 7,116.5 8,226.0 8,367.9 10,256.8 12,096.6 17.6 44.6 1.7 17.9 Others 5,194.1 6,768.6 6,878.1 7,925.9 8,775.5 32.4 27.6 1.6 10.7 Sub-total 16,795.2 20,412.7 20,925.7 25,419.7 29,319.1 24.6 40.1 2.5 15.3 Below the line items 2,971.4 3,267.7 3,648.2 4,543.0 5,124.8 22.8 40.5 11.6 12.8 Total assets = total liabilities 19,766.6 23,680.4 24,573.9 29,962.7 34,443.9 24.3 40.2 3.8 15.0 Liabilities Deposits of non-public sector 11,082.1 12,611.2 14,108.2 17,008.9 19,505.8 27.3 38.3 11.9 14.7 5 Sight 1,255.0 1,545.8 1,902.7 2,551.7 3,648.0 51.6 91.7 23.1 43.0 Term investment 9,175.2 10,268.6 11,322.1 13,272.9 14,484.4 23.4 27.9 10.3 9.1 Gharz-al-hasaneh 502.8 591.6 643.4 893.7 1,041.1 28.0 61.8 8.8 16.5 Other 149.1 205.2 240.0 290.6 332.3 61.0 38.5 17.0 14.3 Claims of the Central Bank 986.0 874.8 735.5 592.9 562.1 -25.4 -23.6 -15.9 -5.2 6 Deposits and funds of public sector 50.7 41.4 47.7 57.5 57.5 -5.9 20.5 15.2 0.0 Capital account 114.9 139.0 -399.5 -751.6 -719.3 -447.7 -80.1 -387.4 4.3 Foreign exchange loans and deposits 1,749.1 2,371.4 2,285.3 2,972.2 3,432.2 30.7 50.2 -3.6 15.5 Others 2,812.4 4,374.9 4,148.5 5,539.8 6,480.8 47.5 56.2 -5.2 17.0 Sub-total 16,795.2 20,412.7 20,925.7 25,419.7 29,319.1 24.6 40.1 2.5 15.3 Below the line items 2,971.4 3,267.7 3,648.2 4,543.0 5,124.8 22.8 40.5 11.6 12.8 1 Excludes private commercial banks' branches abroad. 2 Includes foreign exchange sight deposits of private banks and non-bank credit institutions with the CBI. 3 Includes public sector's participation papers. Figures related to banks' and credit institutions' claims on public sector are prepared based on the data kept in the general ledgers of banks and credit institutions and are not audited. 4 As of Mordad 1398, a sum of Rls. 454 trillion worth of facilities extended by Ayandeh Bank was transferred from "current claims" heading to "other assets" heading. 5 In credit institutions, it includes only temporary creditors. 6 OSF deposit balances and local currency (rial) deposits of the NDFI constitute a large proportion of government deposits in the banking system.

Table 7 Monetary and Credit Aggregates (trillion rials) Balance at the end of the month Change Percentage change (Mordad 1399 Mordad 1398 Mordad 1399 Mordad 1398 Mordad 1399 Mordad Esfand Mordad Esfand Mordad compared with to to to to 1397 1397 1398 1398 1399 Esfand 1398) Mordad 1397 Mordad 1398 Esfand 1397 Esfand 1398 Banks' and credit institutions' claims on non-public sector 10,231.7 11,466.7 11,911.8 14,162.8 15,980.5 1,817.7 16.4 34.2 3.9 12.8 (excluding profit receivables)

Commercial banks 1,627.6 1,857.1 1,994.2 2,335.5 2,601.4 265.9 22.5 30.4 7.4 11.4 Specialized banks 1,995.3 2,165.3 2,268.3 2,557.0 2,773.0 216.0 13.7 22.3 4.8 8.4 1 Private banks and non-bank credit institutions 6,608.8 7,444.3 7,649.3 9,270.3 10,606.1 1,335.8 15.7 38.7 2.8 14.4 Banks' and credit institutions' claims on non-public sector 100.0 100.0 100.0 100.0 100.0 Change in share (percentage points) (percentage of total) Commercial banks 15.9 16.2 16.7 16.5 16.3 -0.2 0.8 -0.4 0.5 -0.2 Specialized banks 19.5 18.9 19.0 18.1 17.4 -0.7 -0.5 -1.6 0.1 -0.7

Private banks and non-bank credit institutions 64.6 64.9 64.2 65.5 66.4 0.9 -0.4 2.2 -0.7 0.9 Profit and revenue receivables 1,265.0 1,659.4 1,635.6 2,057.4 2,619.8 562.4 29.3 60.2 -1.4 27.3 Banks' and credit institutions' claims on non-public sector 11,496.7 13,126.1 13,547.4 16,220.2 18,600.3 2,380.1 17.8 37.3 3.2 14.7 Commercial banks 1,871.4 2,167.4 2,331.3 2,752.9 3,044.1 291.2 24.6 30.6 7.6 10.6 Specialized banks 2,508.8 2,732.7 2,848.2 3,210.5 3,459.6 249.1 13.5 21.5 4.2 7.8 1 Private banks and non-bank credit institutions 7,116.5 8,226.0 8,367.9 10,256.8 12,096.6 1,839.8 17.6 44.6 1.7 17.9 Deposits of non-public sector 16,029.9 18,281.4 20,257.0 24,110.1 27,606.2 3,496.1 26.4 36.3 10.8 14.5 Commercial banks 3,236.7 3,789.5 4,129.7 4,775.6 5,397.9 622.3 27.6 30.7 9.0 13.0 Specialized banks 1,711.1 1,880.7 2,019.1 2,325.6 2,702.5 376.9 18.0 33.8 7.4 16.2

Private banks and non-bank credit institutions 11,082.1 12,611.2 14,108.2 17,008.9 19,505.8 2,496.9 27.3 38.3 11.9 14.7 Deposits of non-public sector (percentage of total) 100.0 100.0 100.0 100.0 100.0 Change in share (percentage points) Commercial banks 20.2 20.7 20.4 19.8 19.6 -0.2 0.2 -0.8 -0.3 -0.2 Specialized banks 10.7 10.3 10.0 9.6 9.8 0.2 -0.7 -0.2 -0.3 0.2

Private banks and non-bank credit institutions 69.1 69.0 69.6 70.5 70.7 0.2 0.5 1.1 0.6 0.2 Sight 1,878.9 2,304.8 2,755.6 3,661.6 5,136.9 1,475.3 46.7 86.4 19.6 40.3 Current deposits 1,542.1 1,929.2 2,393.4 3,182.4 4,690.5 1,508.1 55.2 96.0 24.1 47.4 Checks (net) 69.5 60.0 46.7 172.2 88.0 -84.2 -32.8 88.4 -22.2 -48.9 Others 267.3 315.6 315.5 307.0 358.4 51.4 18.0 13.6 0.0 16.7 Non-sight 14,151.0 15,976.6 17,501.4 20,448.5 22,469.3 2,020.8 23.7 28.4 9.5 9.9 Gharz-al-hasaneh savings 885.5 1,026.5 1,096.7 1,448.1 1,689.6 241.5 23.9 54.1 6.8 16.7 Housing Savings Fund 92.4 83.1 74.1 64.7 55.9 -8.8 -19.8 -24.6 -10.8 -13.6 Other 793.1 943.4 1,022.6 1,383.4 1,633.7 250.3 28.9 59.8 8.4 18.1 Term investment 13,033.9 14,646.0 16,052.3 18,568.0 20,276.2 1,708.2 23.2 26.3 9.6 9.2 Short-term 4,730.0 5,848.9 6,155.3 7,081.1 8,439.1 1,358.0 30.1 37.1 5.2 19.2 Long-term 8,303.9 8,797.1 9,897.0 11,486.9 11,837.1 350.2 19.2 19.6 12.5 3.0 Miscellaneous 231.6 304.1 352.4 432.4 503.5 71.1 52.2 42.9 15.9 16.4 Notes and coins with the public 437.0 547.5 508.9 611.4 593.1 -18.3 16.5 16.5 -7.1 -3.0 M1 2,315.9 2,852.3 3,264.5 4,273.0 5,730.0 1,457.0 41.0 75.5 14.5 34.1 Quasi-money 14,151.0 15,976.6 17,501.4 20,448.5 22,469.3 2,020.8 23.7 28.4 9.5 9.9 M2 16,466.9 18,828.9 20,765.9 24,721.5 28,199.3 3,477.8 26.1 35.8 10.3 14.1 1 As of Mordad 1398, a sum of Rls. 454 trillion worth of facilities extended by Ayandeh Bank was transferred from "current claims" heading to "other assets" heading.

Facilities Extended by Banks and Non-bank Credit Institutions Table 8 according to Islamic Contracts (trillion rials) Balance at the end of Share of Mordad 1399 Percentage change Esfand 1398 Mordad 1399 in total balance Mordad 1399 compared to Esfand 1398 Banks and non-bank credit institutions 16,096.8 18,417.3 100.0 14.4 Gharz-al-hasaneh 1,157.5 1,570.8 8.5 35.7 Mudarabah 186.4 222.5 1.2 19.4 Forward transactions 197.0 245.4 1.3 24.6 Civil partnership 4,049.9 3,462.8 18.8 -14.5 Ju'alah 797.3 923.5 5.0 15.8 Installment sale 4,421.3 5,323.9 28.9 20.4 1 Murabaha 2,812.7 3,878.6 21.1 37.9 1 Istisna'a 1.2 3.9 0.0 225.0 Hire purchase 106.6 115.5 0.6 8.3 Legal partnership 508.9 557.1 3.0 9.5 Direct investment 70.4 73.2 0.4 4.0 Other 2 1,787.6 2,040.1 11.1 14.1 Commercial banks 2,703.7 2,986.1 100.0 10.4 Gharz-al-hasaneh 253.6 364.8 12.2 43.8 Mudarabah 89.6 97.7 3.3 9.0 Forward transactions 52.8 60.0 2.0 13.6 Civil partnership 271.0 284.1 9.5 4.8 Ju'alah 298.4 306.2 10.3 2.6 Installment sale 1,150.3 1,180.5 39.5 2.6

Murabaha 263.3 309.6 10.4 17.6

Istisna'a 1.2 0.9 0.0 -25.0 Hire purchase 19.6 21.2 0.7 8.2 Legal partnership 41.1 39.7 1.3 -3.4 Direct investment 23.1 24.2 0.8 4.8 Other 2 239.7 297.2 10.0 24.0 Specialized banks 3,209.3 3,458.0 100.0 7.7 Gharz-al-hasaneh 122.0 164.3 4.8 34.7 Mudarabah 7.0 6.3 0.2 -10.0 Forward transactions 22.2 16.4 0.5 -26.1 Civil partnership 427.3 460.7 13.3 7.8 Ju'alah 229.8 265.9 7.7 15.7 Installment sale 1,572.7 1,609.2 46.5 2.3

Murabaha 386.5 434.4 12.6 12.4

Istisna'a 0.0 0.0 0.0 θ Hire purchase 73.2 81.0 2.3 10.7 Legal partnership 25.8 25.8 0.7 0.0 Direct investment 9.1 9.1 0.3 0.0 Other 2 333.7 384.9 11.1 15.3 Private banks and non-bank credit institutions 10,183.8 11,973.2 100.0 17.6 Gharz-al-hasaneh 781.9 1,041.7 8.7 33.2 Mudarabah 89.8 118.5 1.0 32.0 Forward transactions 122.0 169.0 1.4 38.5 Civil partnership 3,351.6 2,718.0 22.7 -18.9 Ju'alah 269.1 351.4 2.9 30.6 Installment sale 1,698.3 2,534.2 21.2 49.2

Murabaha 2,162.9 3,134.6 26.2 44.9

Istisna'a 0.0 3.0 0.0 θ Hire purchase 13.8 13.3 0.1 -3.6 Legal partnership 442.0 491.6 4.1 11.2 Direct investment 38.2 39.9 0.3 4.5 Other 2 1,214.2 1,358.0 11.3 11.8 1 2 As of 1394, facilities extended according to Murabaha and Istisna'a contracts have been added to facilities extended according to Islamic contracts. Includes debt purchase, machinery and housing units transacted under Islamic contracts, and overdue and non-performing loans. θ Calculation of percentage change is not possible.