Financial Tribune - In a bank-based economy like Iran, lenders act as the blood veins of the economy and hence the need for much more attention to the beleaguered sector

T he head of Iran Chamber of Commerce, Industries, Mines and Agriculture called on the government and the Central Bank of Iran to improve oversight of the cumbersome banking system and move it toward the "productive" sectors of the economy.

At the ICCIMA's board of representatives' gathering on Sunday, Gholamhossein Shafei said in a bank-based economy like Iran, lenders act as the blood veins of the economy and hence the need for much more attention to the beleaguered sector.