Business And Markets

MPs Say Banks Are in Trouble

MPs Say Banks Are in Trouble
MPs Say Banks Are in Trouble

With the performance of some big state-run banks becoming public, the government has been blamed for pushing them on the verge of insolvency.
Now a group of lawmakers has called on the government to reimburse its debt to the banks.
To this end Kazem Mousavi, a member of the Majlis Economic Commission, underlined the urgency for the government to repay at least a part of the trillions it owes.
“To increase the capital adequacy of banks, the government needs to help them boost capital,” he was quoted as saying by IRNA, the state-owned news agency.  


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