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Iran’s mortgage bank gone bankrupt

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Iran Banks face bankruptcy
Iran Banks face bankruptcy
Abbas Akhoundi, the Iranian regime’s minister of road and construction said: “The mortgage bank has gone completely bankrupt.”
“The mortgage bank, due to heavy debts, is unable to give out loans because it has given out loans three times the legal amount, therefore it is one hundred percent bankrupt”, the IRGC affiliated Fars News Agency reported quoting Abbas Akhoundi. “The conditions of other banks are also bad in regards to handing out loans”, he added.

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