Iranian Bank Privatisations Will Struggle To Attract Investors

Iran's third-largest bank, Bank Mellat, offered 5% of its shares on the Tehran Stock Exchange on February 18. Iran has planned to privatise its four state-owned banks since it put its privatisation programme in place three years ago. However, in CFW's view, the lukewarm response to Bank Mellat's share sale bodes poorly for further privatisations in the Iranian banking sector in the short to medium term.

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