EghtesadOnline: The initiative to reform the country’s banking system is in its final stage with financial stability being at the core of the measures, the vice governor of the Central Bank of Iran said.
EghtesadOnline: The research arm of Iran's Parliament has recommended that the lawmakers approve the government's bill to undertake long overdue reforms in the banking system, but only if it is combined with lawmakers' own version of reforms to compensate for its many shortcomings.
EghtesadOnline: The Institute for Trade Studies and Research, affiliated with the Ministry of Industries, Mining and Trade, has published a report that proposes short-, mid- and long-term solutions to reform the Iranian banking system.
EghtesadOnline: The Iranian banking system has been combating a variety of serious problems such as a crippling credit crunch, sky-high non-performing loans and a lower share of the money market caused by the activities of shadow banks.
EghtesadOnline: Economy Minister Ali Tayyebnia has called on Bank Melli Iran, the nation's biggest lender, to be at the vanguard of much-needed reforms in the ailing banking sector by supporting businesses, reducing interest rates and developing Internet banking.
EghtesadOnline: The Iranian housing market has been mired in recession for the past four years, but while its gradual recovery is almost certain, it will heavily hinge on what President Hassan Rouhani’s government will do to reform the banking system, two housing experts said.