Banks Reclaiming TM Arrears

Chief executives of some of Iran's biggest banks have met with the newly-elected mayor of Tehran, Mohammad Ali Afshani, to reach agreement on reclaiming billions of dollars in liabilities owed by Tehran Municipality.
Mohammad Reza Hosseinzadeh, the head of the Association of State-Owned Banks, announced after the meeting on Saturday that prominent leaders of the banking system, including his counterpart in the Association of Private Banks and Credit Institutions, Kourosh Parvizian, have reached a compromise with the municipality.