Highly Indebted Companies Falling in Line, Minister Says

Companies and individuals in breach of their financial commitments to banks have started repaying their debts after their names were made public last week, the Economy Minister Ehsan Khandouzi said. 
The billions in bad debts indeed “prevented banks from lending in recent years…we are hopeful that disclosing the names of big defaulters would increase banking resources," he said without providing details, IBENA reported. 
Khandouzi noted that banks will continue to expose all those who borrowed huge amounts and never paid back. He also said that the ministry is to “launch another initiative next week to improve transparency” of economic sectors.