Iran’s bad debt push reveals problem, and silver lining | GulfNews.com:
"A move by Iran to recover bad debts on behalf of banks has shed light on possible corrupt lending under the previous president and also suggests a fresh spirit of cooperation among its various centres of power.
A reported big increase in underperforming bank loans during the eight years of Mahmoud Ahmadinejad’s presidency is seen by some as evidence of loans made on the basis of political favouritism as well the impact on business of Western sanctions.
President Hassan Rouhani’s administration, in power for nine months, says bad debt in the banking system has reached a “critical” level — 15.6 per cent according to the central bank — and has pointed the finger at cronyism under Ahmadinejad."
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