New private Iranian banks may be on the way

[mgt23]

http://www.presstv.ir/detail.aspx?id=100824&sectionid=351020102

Head of the Central Bank of Iran (CBI) Mahmoud Bahmani says new private banks are likely to join the banking system of the country.

Bahmani told reporters after the Wednesday cabinet session that the establishment of new private banks will be reviewed in the subcommittees and the final decision will be then announced in the next meeting of the Money and Credit Council.

Iran's recently revived Money and Credit Council, the Central Bank's major policy-making body, held its first meeting on Tuesday.

The meeting, chaired by Bahmani, convened two years after President Mahmoud Ahmadinejad had dissolved the Council. The president, however, agreed to the revival of the Council last month.

Bahmani said that during Tuesday's meeting, the conduct of the banks was reviewed and a report was also presented on the activities of the Central Bank.

The Council also reviewed Iran's monetary and credit policies in the past two years.

Bahmani had announced in May that the Central Bank was reviewing 40 requests for setting up private banks in the country.

Currently, six private Iranian banks offer services to customers in the country.

well it seems the zionist have made some in roads against ahmadinejads wishes. this is not good.