Abouzar Soroush, the deputy of supervision at the Central Bank of Iran outlined the measures to expand microloans.
“The measures include increasing the ceiling for interest-free loans, establishing a new criterion for the share of microfinancing in bank balance sheets, reducing the reserve requirement for microloans in banks, and updating the credit assessment system,” IBENA quoted Soroush as saying.
July 15, 2023 20:07
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