EghtesadOnline: Financial institutions throughout the world have historically–voluntarily or otherwise–relied on mergers and acquisitions to adapt to an ever-evolving climate that has only surged following the Great Recession.

EghtesadOnline: A member of Majlis Economic Commission has cautioned against the hasty merger of banks, stressing that this alone cannot solve the problems of the sector.

EghtesadOnline: The merger of distressed small financial institutions with major banks will help solve the sector’s problems, the director of research department at the Banking and Monetary Institute said.

EghtesadOnline: The possibility of mergers in the Iranian banking system accelerated with the recent announcement by the Central Bank of Iran’s Governor Valiollah Seif that the motion could be used as a solution for low-profit banks since it helps them reduce their expenses while easing the process of standardizing their financial statements and banking operations.

EghtesadOnline: Governor of the Central Bank of Iran Valiollah Seif has confirmed the possibility of merging banks, saying it will help the financial statements of Iranian banks comply with international standards.