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Wednesday, November 4, 2015
Boost in performance of Iranian Banks Boost in performance of Iranian Banks
By Mohamadreza Shabanzad @ 1:05 PM :: 899 Views
 

Middle East economists believe that lifting of sanctions would create new business opportunities for Iranian banks.

According to recent reports released by some of the well-known economic and banking organizations, new business opportunities, increased trade and investment in the sizeable Iranian economy would boost growth in the banking sector and support the performance of their loans.

They believe that the improvement of Iran’s domestic economy and increase in Iranian banking sector assets has made Iran one of the largest economies in the region, with a banking system comparable to that of the UAE and Saudi. They believe that the repatriation of frozen assets and potential interest from foreign investors and financial institutions in the Iranian banking sector would allow domestic banks to strengthen their solvency levels. Based on financial reports released in recent months, the banking and economy experts expect strong recovery in domestic investments that will boost Iran’s financial sector.

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