Senior Iranian banker denies bankruptcy report
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A senior Iranian banker has dismissed a recent report by the
research center of the country's parliament, which suggested that
most of banks in the Islamic Republic are on the verge of
bankruptcy.
Esmaeel Lalehgani, Vice Chairman and Managing Director at Bank
Saderat Iran, has said that the country enjoys a strong banking
structure and the banking system is not on the verge of bankruptcy,
IRNA news agency reported.
He further confirmed that there are some shortcomings in the
country's banking system regarding the government's debts, low
capital and overdue debts.
The shortcomings, however, do not mean that the banks are on the
verge of the bankruptcy, he added.
The Islamic Parliament Research Centre, earlier this week, after
considering the state of the balance sheets, liquidity and banking
regulatory in Iran, announced that most of the banks in the country
are in a poor situation and are on the verge of bankruptcy.
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