The Economy Minister Ehsan Khandouzi said banks need to focus on ways and means to strengthen the economy saddled with high inflation, rising prices, low productivity, joblessness, declining value of the national currency and inefficiency.
In his first meeting with CEOs of state-run and private banks, Khandouzi said bank resources should be used first to underpin the economic needs.
“What indeed is a flaw in the banking sector is direct involvement in business activity. Bolstering the national economy is, and should be, the [top] priority,” he was quoted as saying by the state news agency IRNA.
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