Tag Archives | Bad bank

Iran Considers ‘Bad Bank’ to Mop up Toxic Loans

By John Lee. The Financial Times reports that the Central Bank of Iran (CBI) is preparing to set up a “bad bank” to absorb a vast pile of toxic loans. Peyman Ghorbani Aghilabadi, the bank’s vice-governor of economic affairs, said: “We are committed to lowering bank non-performing loans and, if necessary, we will establish an […]