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High Number of Bank Branches in the Spotlight Once Again

An alternative notion emerged when the chief executive of banks–both private and public–gathered for their yearend shindig this week, the main theme of which was the number of banks’ physical branches
Farshad Heydari (C) addresses a press conference in Tehran. Farshad Heydari (C) addresses a press conference in Tehran. 
The momentum to reduce the number of banks gained more traction after the collapse of several major institutions froze the savings of hundreds of thousands of depositors

The controversy surrounding the high number of Iranian bank branches is still raging with the dominant theme being the extension of lenders’ sphere of influence far wider. 
This, the critics say, become evident by a simple glance across most streets of Tehran where banks have a dominant presence. 
Most recently, President Hassan Rouhani had used the opportunity at the 57th annual general meeting of CBI held earlier this month to renew his criticism of Iranian banks, saying they had too many physical branches which do not help in terms of efficiency.
However, an alternative notion emerged when the chief executive of banks–both private and public–gathered for their yearend shindig this week, the main theme of which was the number of banks’ physical branches. 

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