There is no plan to liquidate Aydeh Bank

According to Iran Economist, Mohammad Reza Farzin, the Governor General of the Central Bank, wrote on his website: “There is no plan to liquidate the future bank.”

Farzin, the head of the central bank, announced in a tweet: the central bank follows the policy of fundamental reforms in the future bank, and there is no plan to liquidate this bank.

According to the report of Iran Economist, the right to manage 60% of Aindeh Bank’s shares was assigned to the Ministry of Economy last week with the decision of the Administrative Court of Justice to carry out fundamental reforms in this bank.

On the other hand, it was previously announced that by the end of September, 3 non-performing financial institutions will be merged, and these measures are to discipline the financial market.

Unbalanced and unprofitable banks are reformed, some with minor reforms and some with fundamental reforms.

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