The total net non-performing loans of the largest identified beneficiaries in 20 banks and credit institutions amounts to approximately 394 trillion tomans. Among them, the Specialized Parent Company for the Development of Mines and Mineral Industries of the Middle East (Midco) ranks first in the provided list, with about 134.2 trillion tomans in net non-performing loans at Pasargad Bank.
Credit Risk Concentration and Non-Performing Loans
This figure alone accounts for about 34 percent of the total non-performing loans of the 20 beneficiaries examined. Midco, considered one of the large entities active in the mining and mineral industries sector, has multiple projects in the steel, copper, and other mineral industries. However, the scale of a company's economic activity cannot solely answer questions regarding its bank loan repayment status.
The figure of 134 trillion tomans in non-performing loans raises the question of how much of these receivables are in overdue, defaulted, or doubtful categories, and what plans Pasargad Bank has for their collection or resolution.
Status of Individuals Related to Banks
The issue becomes even more significant when considering Midco's historical relationship with the Pasargad financial group. Given the history of shareholding relations between Midco and companies affiliated with the Pasargad group, one of the topics that requires clarification is the status of this company from the perspective of regulations concerning related parties of banks.
Following Midco, the name of the Investment Company Ahdaf appears in Novin Economic Bank. According to the provided information, the net non-performing loans of this company have reached approximately 88.5 trillion tomans. Together, these two companies account for more than half of the total amounts in the examined list.
This situation indicates that the examination of non-performing receivables in the banking network should not solely focus on the number of debtors; rather, the concentration of receivables among large clients and its potential impact on banks' balance sheets should also be considered.
In Iran's bank-centered economy, a significant part of the financing for production activities is provided through the banking network's loans. In such a structure, an increase in non-performing receivables can affect banks' capacity to grant new loans, especially at a time when the country's production units face serious challenges in securing working capital.
