9605
Finance Skewed Towards Tehran
Economy, Business And Markets

Finance Skewed Towards Tehran

Banking services in Iran are skewed towards consumers in Tehran due to majority of companies being headquartered in the city. Sixty percent of bank loans are given in Tehran, showing an overbearing focus on the capital. Furthermore over “70 percent of commercial bank branches are located in Tehran or other provincial capitals,” said Bagher Fatahi, a Tose’e Ta’avon (Cooperative Development) Bank executive. But Tehran seems to be financing itself, as 61 percent of deposits within the Iranian banking system are made in Tehran, according to a recent report by ISNA.  The main reason why Tehran stands at the top of the list of cities with highest bank reserves is the fact that several manufacturing company headquarters are located within the capital, in spite of the fact that their factories might be located elsewhere. The major part of the banking of such companies is thus done in Tehran. 

Short URL : http://goo.gl/uhqW91

You can also read ...

Support for  Forex Measures
The head of Competition Council welcomed efforts made by the...
The looming crisis in the emerging markets, set off by the run on the Turkish lira, has had a more direct impact on the Iranian rial than anything the US has claimed.
Since the beginning of the fiscal 2018-19, the Iranian rial...
CBI: Currency Inflow Growing Steadily
Governor of the Central Bank of Iran said on Saturday that...
Yu Chang Hwang (L) and Mohammad Reza Bakhtiari
South Korea’s new ambassador to Iran, Yu Chang Hwang, said...
UK Firm: Progress Made With Iran Airport Contract
UK-based security solutions supplier Westminster Group said it...
Without Waivers, US Sanctions on Iran Will Cripple Iraq
Iraqi officials, struggling to form a new government months...
Uber in Talks to Buy Food-Delivery Company
Uber Technologies Inc. is in early talks to buy food-delivery...
Watermelon Exports  Exceed $100m
Iran exported 569,974 tons of watermelon worth $106.42 million...

Trending

Googleplus