Credibility Must Apprise Banks’ Lending Practices

Banks must concentrate on the credit rating of customers when studying loan requests, the Central Bank of Iran’s head of information department said. 
“Lenders are obliged to make thorough inquiries about the credibility of the loan applicants,”Mahboub Sadeqi was quoted as saying by IBENA. 
Record of past loans, the borrowers’ check transaction performance and even their performance in paying traffic fines and utility bills in a timely manner are among the criteria for assessing the credit profile of borrowers, the official said.