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Private Banking and Wealth Management Survey 2010:
Country risk 2010:

Country risk 2010:

Bi-annual Country risk survey monitoring political and economic stability of 186 countries

August 2009

Iranian bank privatizations: another power grab?


Privatization in Iran involves big transfers of stakes from one arm of the state to another, propping up the establishment and helping unbalance the economy.




In the past two months, the Iranian government has sold parts of Saderat, Mellat and Tejarat, three of the biggest financial institutions in the Islamic Republic. In Iran, bank privatization is accelerating. Is this part of the power grab, the conservative coup, that might have occurred during this summer’s disputed presidential election?

One might even suggest that the privatizations were even accelerated so that the Basij, the Revolutionary Guards and other entities with an interest in preserving the leadership could consolidate their power, just at the point when the conservative rule of Mahmoud Ahmedinejad...


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