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.