Majlis OKs increasing banks’ capital by $19b

April 12, 2011 - 0:0

TEHRAN -– Head of the Economic Commission of the Majlis (parliament) said the body had agreed with the increase of Iranian banks’ capital by 200 trillion rials (around $19.2 billion).

Mehr News Agency quoted Arsalan Fat’hipour as saying half of the sum will be provided by the income from excess sales of oil and the other half will be supplied through offering bonds and sukuk