Business And Markets

MRC Finds Flaws in Banks

MRC Finds Flaws in Banks
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.  


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