BMI Boss Urges Fair Appraisal of Bank’s Mounting Problems

After financial statements of Bank Melli Iran became public last week, the chief executive, Mohammad Reza Hosseinzadeh, responded to criticism and defended the performance of the lender. 
In a note seen on the BMI website, Hosseinzadeh took stock of the monumental funding obligations imposed on the bank by the state and government for years. He urged economists and financial experts to be fair in their views and analysis.
He tied the multi-billion losses reported in the BMI financial report to “decisions and policies of successive governments in which the CEOs barely had a role.”