Middle East Economic Survey
CBI Says More Private Banks To Be Set Up
A number of private banks are to join the banking system in Iran, the governor of the Central Bank of Iran (CBI) Mahmoud Bahmani has said. At present six private banks operate in the country, mainly engaging in real estate and small business, along with the state-owned banks that still handle the bulk of banking activity in the country. The governor added that the recently-revived Money and Credit...