Naming Big Defaulters May Help Recover Loans

The Central Bank of Iran says it hopes naming and shaming the big loan defaulters would help recover the billions in unpaid loans. 
In a coordinated move initiated by the Economy Ministry, several state and semiprivate banks last week published long lists of companies that had failed to meet their financial commitments over several years. 
“Disclosing the names should help in recovering the monies  for banks,”Mahboub Sadeqi, head of CBI’s Banking Data Department said in a talk with state TV late on Sunday.