No. 30



Iranian Credit Institution Prepares To Become Countrys First Private Sector Bank

In four months time Irans Kafarinan credit institution is set to become the first private bank in the country since the Islamic revolution of 1979, its director Parviz Aghili told AFP on 16 July. The institution hopes to take advantage of a 1993 law allowing private banks in the country which was confirmed at the beginning of this year by the Majlis (parliament). The opening up of...