Iran Banking Reforms in Final Lap

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.
Akbar Komijani also enumerated the banking system’s main trouble spots, stressing that non-performing loans, the government’s payment arrears to banks and non-liquid assets appear as a sore spot in the lenders’ balance sheets, IBENA, a news website affiliated with the bank, reported.
“Financial stability is among very important and serious issues that have come into focus after 2007 when the global financial crisis struck and this affected domestic banks’ balance sheets,” he said.