EghtesadOnline: The Central Bank of Iran recently revoked the licenses of eight credit cooperatives.

EghtesadOnline: The Central Bank of Iran has issued licenses for 200 credit cooperatives since the beginning of the current Iranian year (started March 20, 2016), CBI’s deputy for supervisory affairs announced on Wednesday.

EghtesadOnline: As part of an overarching policy of reforming the banking sector, the Central Bank of Iran has issued two executive directives concerning capital adequacy and international conformity standards for credit institutions and formation of credit cooperatives.