New Procedures for Divesting Bank Assets

The Central Bank of Iran has announced new guidelines for divesting non-financial assets of banks and credit institutions. 
The guidelines are as per provisions of the law to Remove Barriers to Competitive Production and Improve the Financial System of the Country. 
According to a notice on the CBI website, if a bank or credit institution fulfills all the requirements and formalities for divesting assets it will be exempt from penalties stipulated by law.