Banks in  the Red
Banks in  the Red

Banks in the Red

Banks in the Red

Troubled banks are now in the spotlight. According to the deputy head of Monetary and Banking Research Institute, all Iranian banks are now suffering losses. “Almost all our banks are unprofitable and this is while state-owned banks had great volumes of capital so you can imagine how the situation is in smaller private banks,” Kamran Nadri was quoted as saying by Banker.ir. “Although there is no doubt that many of the banks established in the last decade are not in a good condition and suffering losses, none of them had reported the situation due to transparency issues,” he said. Nadri noted that reforming unprofitable banks will not be easy and it will take them a long time to restructure and become profitable again.   


Short URL : https://goo.gl/Pt7rqa
  1. https://goo.gl/uBJ1y8
  • https://goo.gl/FqGj3o
  • https://goo.gl/4Q3oCC
  • https://goo.gl/pPed1H
  • https://goo.gl/2AU1l6

You can also read ...

BMW’s Tech-Stuffed Concept SUV Heralds Fancy, Electric Future
Changing notions of what customers want from cars have pushed...
Tesla Hits New Speed Bump
Tesla Inc’s Chief Executive Officer Elon Musk on Sunday...
Oil & Gas Sector Most Conducive for Business
The research arm of Iran’s Parliament has conducted a first-of...
3 CBI Officials  to Leave
Following the recent passage of the law banning the employment...
CBA Concerned About Forex Outflow to Iran
The Central Bank of Afghanistan raised concerns about the...
Anzali Port to Be Connected to National Railroad
Anzali Port in the northern Gilan Province will be connected,...
Mineral Trade Surplus Hits $2.9b
Iran exported more than 25.47 million tons of mineral products...
Departure Tax Revenues  Up 117 Percent
The government earned 3 trillion rials ($24 million) from...

Add new comment

Read our comment policy before posting your viewpoints