Economy Minister Sees Need for Paradigm Shift in Banking

The economy minister said the banking system needs a paradigm shift to improve its role in expanding the economy by engaging in supply chain finance.
Addressing the 31th Islamic Banking Conference on Tuesday at Central Bank of Iran, Ehsan Khandouzi underscored the need for financial inclusion allowing equality in access to banking resources.
“The role of banks role can change from ‘builders’ to ‘destroyers’ if they use resources in non-productive and speculative activity instead of focusing on entrepreneurship,” he was quoted as saying by the CBI website.