Business And Markets

Central Bank of Iran Demands: Balancing Act of Banks

Banking Reforms Finding the Right Balance Banking Reforms Finding the Right Balance

Governor of Central Bank of Iran says the bank has been struggling to reform the banking system long saddled with mismanagement and financial indiscipline.  
In a note on his social media account on Saturday, Abdolnasser Hemmati enumerated measures to improve the performance of the ailing and lethargic banking system. 
Bringing order and discipline to “unhealthy banks”, getting rid of shadow banks, merging banks affiliated to the military, correcting the financial structure of banks and placing restrictions on bank transactions are the key measures, he said.


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