0 Persons

Private Banks Demand a Fair Share of Service Fees

Jun 19, 2023, 8:56 PM
News ID: 37375
Private Banks Demand a Fair Share of Service Fees

EghtesadOnline: Parsian Bank CEO says the commission model should be designed to benefit all parties in the network, enabling them to recoup service costs in proportion to their investment.

Kourosh Parvizian, the CEO of Parsian Bank and head of Private Banks and Credit Institutions Council has called for a fair and meaningful reform in the fee system for banking services.

“With the recent decision by the Central Bank of Iran regarding the new model for bank fees banks’ business is likely to improve, getting close to systems used by banks in most countries. The new commission scheme could help increase banks' investment in the payment services. By making new investments and upgrading the payment network, we can expect improvement in the quality of services,” he said in a talk with Electronic Banking Magazine.