Tighter Lending Rules for Banks

The Central Bank of Iran is intensifying controls over bank loans via electronic platforms, head of the CBI public relations department said. 
In a note posted on his social media account, Mostafa Qamari-Vafa said borrowers henceforth must have special accreditation from a CBI platform, known as the Samat, a Persian acronym for Centralized Database for Loans and Commitments. 
 Processing every loan application is contingent on borrower s getting a confirmation code from Samat,  Qamari-Vafa wrote on Twitter.