Iran’s Banking Sector Wrap-Up in
11th Administration Tenure
By Mahdi Goodarzi & Mojde Rezaee
As one of the major sectors in each country, the banking sector is always faced with challenges, which call for special attention by governments. Granting license to banks and credit institutions unjustifiably, insufficient supervision by the regulatory body, weak monetary and financial discipline, forex market instability and rates non-unification, speculative activities draining most liquidity available along with the weakening of Iranian banks’ fame were among those with which the 11th administration was grappling in this field; intensified by international sanctions, banks’ performance was hit even harder.