Commercial banks Banking and insurance in Iran

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commercial banks authorized accept checking , savings deposits , term investment deposits, , allowed use promotional methods attract deposits. term investment deposits may used banks in variety of activities such joint ventures, direct investments, , limited trade partnerships (except underwrite imports). however, commercial banks prohibited investing in production of luxury , nonessential consumer goods. commercial banks may engage in authorized banking operations state-owned institutions, government-affiliated organizations, , public corporations. funds received commissions, fees, , returns constitute bank income , cannot divided among depositors. according central bank of iran, financial sector has $260 billion of liquidity, or 65% of gdp of iran’s economy.








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