Credit Institution for Development

Online Bank	Credit Institution for Development
Establishment of Credit Institute cited by Central Bank of I.R is accounted as the third major step of Iran banking system after nationalization of banks and procurement and implementation of Islamic Banking Act. (Usury free banking operations). Foundation of C.I.D. is credited as a remarkable development of private sector participation in different investment activities. Credit Unions are able to play a key role in promotion and diversification of efficient economic activities. They can function as financial intermediaries that collect and organize scattered and unproductive savings in order to provide funds and facilities for agents who are in need of these resources
Url	www.bankiran.com,/main.html
Country	Iran
Continent	Middle East

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