Middle East Economic Survey


No 29



Iran Gives Green Light To Two More Private Banks

The Governor of the Central Bank of Iran (CBI), Ibrahim Sheibani, said on 11 July that the CBI had approved in principle the launch in the current year of two new private banks in Iran, adding to the four in operation. The two banks are Sarmayeh-va-Danesh Bank (Capital and Knowledge) and Pasargad Bank. Mr Sheibani added that the shareholders in the first bank would be mainly academics,...