Need to Redefine Role of Specialized Banks

Redefining the role of specialized banks is a crucial need given the country’s current economic and financial conditions, the manager of public relations and customer affairs of the Bank of Industry and Mine said.
“These banks were founded to address the setbacks in the market in procuring funding and contribute to national economic development goals. 
They had the mandate to help expand infrastructure and industries by offering financial support for long-term, high-risk megaprojects which are more often than not neglected by other lending bodies,” Mohammad Hassan Torabi was quoted by Shada.ir as saying.