EghtesadOnline: In the wake of reports alleging disagreements between the Central Bank of Iran and the Economy Ministry regarding the format of banks and credit institutions’ financial statements, the head of Majlis Economic Commission announced that it has penned a letter to President Hassan Rouhani, asking him to speed up the process of managing banks and credit institutions’ financial statements.

EghtesadOnline: In order to protect the interests of banks and credit institutions' depositors and shareholders, and maintain the stability and health of banking system, the Central Bank of Iran has set a number of conditions vis-à-vis banks' financial statements whose fulfillment is necessary for shareholders' annual meetings to become viable.

EghtesadOnline: Iranian banks’ progress in adapting to their financial statements with the new model set by the Central Bank of Iran was around 20-30% during the previous Iranian year (ended March 20), said a private bank’s board member.