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Banks Told Not to Neglect Regions in Need

Banks Told Not to Neglect Regions in Need
Banks Told Not to Neglect Regions in Need

The Central Bank of Iran has required banks and credit institutions to increase their loan to deposit ratio in each province to at least 50%. 
The new measure aims to help create a balance in lending across the country, a press release published on the CBI website said Saturday. 
"Banks’ total loans in every province should correspond with at least half the total deposits in banks."
The central bank referred to reports from its provincial officials, saying that lenders’ performance indicates considerable imbalances between loans paid and deposits, especially in the poor and underdeveloped regions.   

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