The entry of banks into the field of corporate and corporate governance hinders production

The entry of banks into the field of corporate and corporate governance hinders production
  • 2021-05-05
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Deputy Chairman of the Program, Budget and Accounts Committee of the Parliament: The non-entry of banks into the fields of enterprise and corporate governance will definitely help the country's production and will lead to economic growth and prosperity.

According to the International Iranian Stone Exhibition, Seyed Mohammad Reza Mirtajaldini stated that the law on removing barriers to competitive production and upgrading the financial system was approved by the parliament to prohibit banks from doing business. This law has not been implemented and every day more and more banks enter the field of business.

He continued: "The private sector and non-banking economic units are not able to compete with banks and will fall because the power of banks is greater due to having financial resources."

The representative of the people of Tabriz, Azarshahr and Osko in the parliament stated: the non-entry of banks into the fields of entrepreneurship and participation is definitely helping the country's production and will lead to economic growth and prosperity. Banks should provide facilities to production units and supervisory bodies should have serious supervision over this issue, of course, the parliament will also be involved in this issue.

Mirtaja al-Dini emphasized: "We in the strategic faction or working group of economic expertise, after scientific, field and logical studies on the issue of banking and non-implementation of the law, if necessary, will investigate or apply Article 234 of the internal regulations because the issue Its production and removal of obstacles is very important for the country.