Khavari who was commenting on the history of banking in Iran added that, as a result of the mismanagements and due to its responsibility for safeguarding people’s deposits during the time of the Islamic Revolution, Iranian banks have turned into national banks.
He also asserted that the banks have been assigned the tasks of serving people and working as economic institutions that should not only fulfill the social and administrative duties delegated to them by the government, but should also accomplish their own mission statements.
The managing director added that, the banking system in Iran is responsible for providing electronic services to all the people all over the country.
Elsewhere in his comments he explained that Bank Sepah supplies up to 30 percent of the financial resources required for the cement industry as well as 80 percent of the ironstone concentrate in the country adding that nine million tons of ironstone concentrate is provided per annum.
RA/MA
END
MNA