Bank Branches in Iran Double Mena’s Average
Bank Branches in Iran Double Mena’s Average
Thursday, August 02, 2018

Bank Branches in Iran Double Mena’s Average

Thursday, August 02, 2018

Bank Branches in Iran Double Mena’s Average

A new report by Tehran Chamber of Commerce, Industries, Mines and Agriculture highlights the fact that Iran’s banks and credit institutions have too many branches compared to both international and regional counterparts.
The report published on TCCIM’s website uses data from the World Bank and the Central Bank of Iran to highlight the discrepancy between bank branches in Iran and across the world, especially in the Middle East and North Africa.
WB data show there were 12.5 bank branches in the world for every100,000 adults in 2016 while the same number for Iran in that year stood at 31.3. Iran’s average is also more than double MENA’s average at 14.7 bank branches for every 100,000 adults.


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/Uj54Pm
  1. https://goo.gl/uubfwR
  • https://goo.gl/WEUzuN
  • https://goo.gl/eeYDGr
  • https://goo.gl/t13oWU
  • https://goo.gl/bgZBdT

You can also read ...

US Pressuring German Firms ‘Daily’ Over Iran Sanctions
Washington’s ambassador in Berlin has been pressuring German...
Iran and the Eurasian Economic Union signed a three-year provisional agreement on May 17 for the bloc to welcome Iran into the EEU Free Trade Zone.
The Eurasian Economic Commission Council approved the roadmap...
India in Touch With All Stakeholders on Iran Sanctions
Following fresh US sanctions on Iran over its nuclear program...
Google Defends Gmail Data Privacy Policy
Alphabet Inc’s Google gave details about its policies for...
Arrest Over Afghan Forex Smuggling
A man has been arrested for smuggling $38,000 from Afghanistan...
Copper Concentrate Output Sees 12% Growth
Major Iranian copper producers produced 488,859 tons of copper...
Crypto Trading Continues to Decline Since CBI Ban
Cryptocurrency transactions in Iran have significantly...
IRICA: Gold, Forex Imports Not Smuggling
The import of foreign currency does not amount to smuggling...

Add new comment