) - General Inspection Office (Iran
The General Inspection Office of Iran (GIO) is linked to the Judiciary of Iran. It is also called the State Inspectorate Organization of Iran.
Based upon Iran''s Constitution, GIO is in-charge for regular controlling and supervising executive bodies, military and disciplinary forces, state-run institutions and companies, municipalities and their subsidiaries, public notary chambers, foundations of public utility, revolutionary organs, and institutions whose financial resources totally or partially belong to the government.
- 1 Delinquent bank loans
- 2 See also
- 3 References
- 4 External links
Delinquent bank loans See also: Banking in Iran, Central Bank of Iran
and Corruption in Iran
In 2009, GIO informed that Iranian banks have some USD 38 billion of delinquent loans, while they are only capitalized at USD 20 billion. While most Iranians have difficulties obtaining small home loans, 90 persons have managed to secure collective facilities totaling $8 billion from banks.
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