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  • EghtesadOnline: Data from the Central Bank of Iran shows lenders are working to cut extra and unwanted branches over the past two quarters.

  • EghtesadOnline: There are more than 22,000 bank branches in Iran, about half of which are not needed, a deputy minister of economy said on Sunday.

  • EghtesadOnline: Parsian Bank, one of the leading private banks in Iran, is planning to open five more branches in Iraq, the CEO told members of the Iran-Iraq Joint Chamber of Commerce.

  • EghtesadOnline: The CEO of Bank Sepah -- the state-owned lender with which five military banks are merging -- says the number of branches of merged banks will be cut by 10%.

  • EghtesadOnline: Afghanistan and Pakistan have announced readiness to open bank branches in Iran’s free zones or the mainland, according to a Foreign Ministry official in Tehran.

  • EghtesadOnline: One of Turkey's leading food chains, Bursa Kebap House, which started with three branches in 2010, has focused on foreign targets this year after growing through the management strategies of two entrepreneurial brothers as well as a franchising system.

  • EghtesadOnline: Iran’s banks and credit institutions have continued the process of reducing their local branches in the past three months, according to latest numbers disclosed by the Central Bank of Iran, although the overall decrease is not significant.

  • EghtesadOnline: President of Iran’s Shahid Beheshti University Mohammad-Mehdi Tehranchi said that the university plans to establish branches in regional states.