Banking Sector Growth to Drop 0.3% by Next March

Despite higher bank fees the banking sector is expected to decline 0.3% in the current fiscal year that ends in March, estimations by the Majlis Research Center show. 
In a report covering key economic sectors, the MRC said hyperinflation has undermined growth of the "financial intermediary" sector in spite of rise in income from bank charges and relatively higher earnings from interest on loans. 
Citing data from the Statistical Center of Iran, the influential parliamentary think tank said the sector grew by 10% during the first quarter of the current fiscal year (March 20-June 1).