TEHRAN— Head of the Monetary and Banking Research Center of the Central Bank of Iran (CBI) Ali Divandari said on Saturday that neither government nor the banking system agrees on high profit rate.
"No body in government nor in banking system agrees to high profit rate and the war of prices underway in banks is result of problem with banking liquidity," said Divandari in an interview with reporters after attending the inaugural session of the 27th Annual Conference on Monetary and Foreign Exchange Policies.
He said one of the major challenges of the banking system is banking debts, frozen assets, unauthorized institutions and the problems they face.
