Plan to Organize Shadow Banks
Plan to Organize Shadow Banks

Plan to Organize Iran Shadow Banks

Plan to Organize Iran Shadow Banks

Governor of the Central Bank of Iran has released a statement reassuring the public that the bank is determined to end the lengthy saga of uncertified credit institutions, the news of which resurfaced recently. 
“The comprehensive plan to organize the shadow banks will be implemented in various phases and after taking legal steps through proposals, negotiations and myriad expert meetings,” Valiollah Seif wrote in his official channel in the social media app Telegram.
Seif also touched upon measures undertaken by CBI in recent years to organize the uncertified credit institutions, which mushroomed during the tenure of the former governments. 
The crisis has prompted the regulator to revoke some of these companies’ permits, breaking up some and merging a handful of others. 
In the latest development related to these institutions, which has also entangled the parliament, Farshad Heydari, CBI’s deputy for supervision, announced that one of the institutions, which has become the subject of a new controversy, is becoming legal.
“The Samen credit institution has formally applied for a CBI permit and is on its way to become a certified entity,” Heydari told IBENA, in an effort to assure the company’s depositors about its solvency.  


Short URL : https://goo.gl/NrF7oK
  1. https://goo.gl/mSBnHw
  • https://goo.gl/NPyTiB
  • https://goo.gl/7iy7QT
  • https://goo.gl/aPpuX7
  • https://goo.gl/pV4NfK

You can also read ...

EU Rushes to Protect Economic Interests in Iran
With a reputation of a slow-working institution that only gets...
Swiss Firms Preparing to Quit Iranian  Market Over US Sanctions Risks
Several Swiss newspapers on Sunday reported that Swiss firms...
German Companies Cannot Be  “Totally Shielded” From US Iran Move
The German government will help German firms with business in...
Google Stands to Lose Up to $4.3b in UK Privacy Suit
Google appeared in a UK court on Monday to argue against a...
Chabahar’s Shahid Beheshti Port: Cheapest Business Option in Region
With new moderated prices for services offered at Chabahar’s...
HTC’s Next Flagship Specs Leaked
A testing subdomain on HTC’s website has confirmed the already...
Tehran Stocks Unshaken by US Nuclear Deal Pullout
Iran nuclear deal seems to be on life-support these days, as...
Russian Railways: Iranian Project Not Subject to US Sanctions
The state monopoly Russian Railways considers its project on...

Add new comment

Read our comment policy before posting your viewpoints