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-Iran planning for merger involving six banks

Mar 04, 2019 - Global Banking News

Global Banking News - 04 March 2019

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The Revolutionary Guard Corps controls many local businesses.

Iran said that the move is aimed at maintaining stability in the region.

Six local banks are to be combined under president Hassan Rouhani's plan to curb the military's role in the economy. The move will see state-run Bank, Sepah, take over five lenders linked with the security forces: Ansar Bank, Ghavamin Bank, Hekmat Iran...