65297
Bank Mergers Possible
Economy, Business And Markets

Bank Mergers Possible

Governor of the Central Bank of Iran Valiollah Seif has confirmed the possibility of merging banks, saying it will help the financial statements of Iranian banks comply with international standards.
"Any decision for consolidations would first be made by the shareholders of the banks, but this option is present in CBI's roadmap for banks as part of the vision to standardize the financial statements of banks and the shareholders might welcome this," Seif also told ISNA.
The CBI governor noted that the measure would help reduce banks' expenses while lowering the cost of maintenance for branches.   

Short URL : https://goo.gl/hXbo8L
  1. https://goo.gl/aj1mmR
  • https://goo.gl/cHlBV3
  • https://goo.gl/uuft7S
  • https://goo.gl/jNUUjG
  • https://goo.gl/5nZz8L

You can also read ...

Tehran, Seoul Sign MoUs for Technology Transfer
Iranian and South Korean private companies signed 22...
Bank Maskan Ready to  Issue MBS Worth $240m
Iran’s agent bank of the housing sector has notified the...
With a 37-kilometer coastline alongside the Persian Gulf, Bushehr accounts for about half of Iran’s maritime trade.
A total of 25.5 million tons of non-oil goods, including gas...
Tax Revenues at $19 Billion
As much as 1,000 trillion rials ($23.8 billion) had been...
8-Month Auto Output
The automotive industry is the second most active industrial...
Metal Exports Earn $2.5b in 7 Months
Iran exported 5.78 million tons of metallurgical products...
Nissan Prepares for Public Tests of Driverless Taxi
Nissan Motor Co and Japanese gaming software maker DeNA Co say...
Mohammad Mehdi Behkish, secretary-general of the Iranian National Committee of the International Chamber of Commerce, addresses TCCIM’s annual anti-corruption event on Dec. 11.
Ahead of the publication of the Global Corruption Report by...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus