Expansion of Poverty by Banking System

The banking sector performs key tasks in today’s economy and is viewed as one of the main economic players of a country. 
Fighting poverty is not among banks’ duties, although they can help increase employment and reduce poverty indirectly by stabilizing economic growth, said Nasser Zakeri, an economist, in an article for the Persian daily Shargh. A translation of the text follows:  
Article II of the Law on Interest-Free Banking, which enumerates 16 tasks of the banking system, does not include a clause regarding poverty alleviation, although the performance of the country’s banking system can have a serious impact on reducing or increasing poverty.