Business And Markets

Regulator Is Pushing Banks to Boost Capital 

Law encourages banks to raise capital namely via revaluation of assets and share offers -- methods that have been censured by economists and experts as inefficient and ineffective
Regulator Is Pushing Banks to Boost Capital 
Regulator Is Pushing Banks to Boost Capital 

The governor of the Central Bank of Iran reiterated that all state and private lenders should raise capital to be able to improve efficiency. 
Ali Salehabadi said in collaboration with the Economy Ministry the CBI is working on a package to help state-owned banks raise capital, IBENA reported. 
“Major shareholders are in charge of increasing capital of private banks,” he noted, adding that the CBI is closely monitoring the performance of lenders. 
Increasing capital of banks and credit institutions is envisioned in the provisions of 2022-23 budget. 


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