65759
Support for  Bank Mergers
Economy, Business And Markets

Support for Bank Mergers

The merger of distressed small financial institutions with major banks will help solve the sector’s problems, the director of research department at the Banking and Monetary Institute said. “The Central Bank of Iran concluded that if a small bank or credit institution grapples with problems, it could be merged into a larger bank,” Hamid Zaman-Zadeh was quoted as saying by IBENA. Zaman-Zadeh noted that the preferred strategy should be to merge these small banks and credit institutions into strong banks with few troubles, otherwise a new crisis is imminent. The Central Bank of Iran earlier announced that it considers mergers as a solution for struggling banks only when other options fail to solve their problems.

 

Short URL : https://goo.gl/pMQK6D
  1. https://goo.gl/96WSko
  • https://goo.gl/3564gD
  • https://goo.gl/GTMkUy
  • https://goo.gl/P26SME
  • https://goo.gl/zV9OPH

You can also read ...

Swiss Firms Preparing to Quit Iranian  Market Over US Sanctions Risks
Several Swiss newspapers on Sunday reported that Swiss firms...
EU Rushes to Protect Economic Interests in Iran
With a reputation of a slow-working institution that only gets...
Chabahar’s Shahid Beheshti Port: Cheapest Business Option in Region
With new moderated prices for services offered at Chabahar’s...
German Companies Cannot Be  “Totally Shielded” From US Iran Move
The German government will help German firms with business in...
New Report Reveals Banks’ NPL Ratio Gap
A senior member of Majlis Article 90 Commission presented the...
Tehran Startup  Studio Launched
The University of Tehran and the Noor Credit Institution have...
Tehran Stocks Unshaken by US Nuclear Deal Pullout
Iran nuclear deal seems to be on life-support these days, as...
Google Stands to Lose Up to $4.3b in UK Privacy Suit
Google appeared in a UK court on Monday to argue against a...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus