MRC Finds Flaws in Banks

The Majlis Research Center has looked into the performance of banks in the first quarter of the current fiscal year (March 20- June 21).  
It covers, among other things, issues related to transparency and disclosure of financial information, credit risks, profits and   the mountain of non-performing loans. 
Regarding financial conduct, the parliamentary think-tank said the capital account of banks and credit institutions was negative at -620 trillion rials ($2.4 billion) in Q1 reflecting weak balance sheets.