Tehran (IP) - "Iranian President called on the bank directors to form a work group supervised by the Minister of Finance in order to review the banking system of the country," said Iran's Government Spokesman.

Iran PressIran news: In response to Iran Press' question about president Raisi's meeting with the bank directors, Ali Bahadori Jahromi said on Tuesday's press conference that the loaning process must be further facilitated, with bad accounts confronted with. 

With regard to a meeting of President Raisi with the CEOs of private and state-owned banks also Bahadori Jahromi told Iran Press that the meeting was fruitful adding: "The meeting of the banks was held after a decade, while in this meeting Bad bank accounts, the development of Qarz al-Hasna loans, and public access to credit-based micro-loans without the need for collateral and guarantors were among the priorities of the Ministry of Economy, which was emphasized by the president.

"All bank CEOs stressed the urgent need to reform the banking system to offer better services to people, so an economic workgroup was formed being chaired by the Economy and Finance Minister to review and observe banking rules and regulations," said the spokesman.

He added that the president's promise to return the excess bank interest reached the operational and executive point, and if the interest rate on bank facilities was higher than the rate approved by the Monetary and Credit Council, banks are obliged to return the amount they received for this purpose."

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