15 July 2023 - 11:34
Governor of Central Bank announced in the meeting of CEOs of banking system:

Banks should adhere to approved interest rate of bank deposits/ Offender should be dealt with seriously

Governor of central bank announced that he will deal with banks that do not comply with the approved interest rat
News ID : 140069

IBENA- Mohammadreza Farzin, in his periodic meeting with CEOs of the banks, considered it important and necessary for the banks to adhere to the interest rate of bank deposits approved by Money and Credit Council and said: banks that do not comply with this issue, even if it is one bank, enters the others through wrong competition; For this reason, I have ordered the deputy of supervision of Central Bank, any bank that does not comply with the resolution of Money and Credit Council regarding the approved interest rate of deposits and bank facilities, must be reported to disciplinary board and dealt with under strictest conditions.


Referring to the recent visit of Governor of Judiciary at Central Bank and unveiling of Siyaq system, Governor of Central Bank said: In the meeting with him, legal issues and problems of banking system were raised. Therefore, it is necessary to form a joint legal committee between Central Bank and Judiciary with presence of representatives of the banks for better and more interaction.


In this meeting, deputies of central bank presented reports on the latest economic developments and the performance of banking network. Also, in this meeting, some of CEOs of the banks also expressed their views on bank facilitation, guaranteed purchase of wheat, reducing the queue for marriage loans, need to solve some problems in connecting systems related to Ministry of Roads and Urban Development in t National Housing Plan.

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