- Recently there had been talks of Iranian banks to co-operate with their foreign counterparts, a necessity not viable should the domestic banks do not undergo vital structural reforms, easing harmonization with international standards. Despite regulatory and supervisory constraints in place, namely, anti- money laundry, anti-bribery, anti-corruption plus correspondent banking relations, meant to bring about more adaptation with global measures, e.g., BASEL III, and promote activity in the sector, their small size is a blow in the face. The following table is a live testimony to this allegation, regarding their aggregate amount of assets. As you can see, these figures are neither world class nor even close to that of industry giants, in the region. As an alternative, CBI should raise merging issue with small and mid-sized banks in the near future. Getting large in size, indeed, will be fruitful for the economy in general. In this vein, larger banks, due to their increased capital would be capable of lending facilities cheaper to their clients than smaller ones, thus boosting the economy at large.