EghtesadOnline: A new wave of mergers and acquisitions in Iran’s banking industry is aimed at creating bigger, stronger and more efficient banks, a top official at the Central Bank off Iran said.

EghtesadOnline: Iran's economy does not have the capacity for so many banks and credit institutions and hence the idea of merging them should be considered, the head of Iran Chamber of Commerce, Industry, Mines and Agriculture said during the last meeting of ICCIMA in the current Iranian year (ending March 20).