The state-owned Bank Sepah, with which five military banks merged recently, may face difficulty maintaining its balance sheet, CEO of the bank said.
Discussing the "complex" merger process with the Majlis Economic Commission, Mohammad Kazem Choqazardi solicited help from the legislature, the government and the central bank if the major lender encounters a credit crunch in the post-merger period.
"Merging five banks with Sepah has impacted our balance sheet. We hope to be able to compensate potential liquidity shortages," he was quoted as saying by Bank Sepah website.
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