Iran's "East Azerbaijan" province to have its own bank

Addressing a meeting devoted to the Day of Industry and Mining, the governor of the province of East Azerbaijan, Ahmad Ali Reza Beigi, claimed that the President of Iran has consented for the province to have its own bank, Iran News reports.

Mr. Beigi stressed that credits would be available to the population and should be used to develop manufacturing. According to the governor, the province has great economic and industrial potential and really needs its own bank.