Tough Times for Banks
Tough Times for Banks

Tough Times for Banks

Tough Times for Banks

All Iranian banks will again face another grueling period until the current fiscal year ends in March, says a senior banking expert. “The second half of this year will be breathtaking for all our banks,” Heidar Mostakhdemin Hosseini told ILNA.”Issues related to reforming the statutes, standardizing accounting procedures and matching financial statements with principles of the international banking system are of utmost importance from a supervisory point of view,” the former Central Bank of Iran deputy added. He further noted that the collaboration factor is lacking in the banking industry and if that happens “joint banking ventures can, and will, lead to lowered costs.”

Short URL : https://goo.gl/dxujG7
  1. https://goo.gl/zrul6U
  • https://goo.gl/7jrxCO
  • https://goo.gl/iCuF5B
  • https://goo.gl/OKcBCc
  • https://goo.gl/qFfDtw

You can also read ...

Alcatel’s Android Go Cellphone in the Offing
Two of the phones Alcatel revealed last month will be coming...
NASA Seeks Help to Check Satellites
NASA is asking all cloud gazers to snap photos of the sky and...
Iran has signed a contract with China Railway Group Limited in 2015 to build a 415-km (260-mile) high-speed north-south rail line between Tehran and Isfahan via Qom.
The Economy Ministry sold 2 trillion rials ($41.6 million) of...
Trade With Afghanistan Tops $2b
Iran and Afghanistan exchanged 5.32 million tons of non-oil...
Iran-Lithuania Trade Falls 44% in 2017
Trade between Iran and Lithuania stood at more than €11.1...
Banque Delubac Ready to Service Iranian Businesses
Executives with Banque Delubac and Cie, an independent French...
Gov’t, Workers, Employers Deadlocked in Setting Minimum Wage
With only a day left for the Supreme Labor Council to set the...
$92m Worth of Gov’t Debts to Be Cleared in Swap Deal
The government has decided to clear over 4.45 trillion rials...

Add new comment

Read our comment policy before posting your viewpoints