Iran cancels internet-based Arian Bank work permit

Iran Materials 12 March 2012 11:13 (UTC +04:00)

Azerbaijan, Baku, Mar. 12/ Trend F.Milad/

The Iranian Money and Credit Council has canceled the internet-based Arian Bank's work permit, Fars news agency reported on Monday.

The Central Bank and the Money and Credit Council have approved that the bank is not allowed to start working, the report added.

Meanwhile, Fazlollah Moazzami, member of the Iranian High Council of Stock Markets, said all the issues related to the registration of the bank have been carried out legally and there is no problem for the bank to start activity.