End of sanctions could be double-edged sword for Iranian banks
International competition likely to be overall positive, but brings challenges
Banks in Iran need to take measures to improve their stability before they are exposed to international competition when sanctions lift next year, an official from the Central Bank of the Islamic Republic of Iran warned on August 9.
Gholamali Kamyab, vice-governor for foreign exchange affairs, said sanctions had insulated the domestic banking system from the rigours of global banking.
"Banking standards including capital adequacy, asset quality, management, liquidity, earnings and [systemic]
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