MCC Approves CBI Proposal to Control Balance Sheets of Banks

Iran’s Money and Credit Council, the top monetary decision-making body, approved proposals from the Central Bank of Iran to improve the balance sheets of lenders. 
The “cautionary policy for controlling the expansion of balance sheets in the banking network” announced by the MCC allows the CBI to take different approaches toward expansion of balance sheets of banks and credit institutions, subject to their mission and financial status, according to a press release published on the CBI’s website. 
Accordingly, the CBI will impose tough restrictions on the balance sheets of banks with poor financial performance while well-performing banks will be spared.