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Plan to Shed Surplus Assets of Banks Worth $1.3 Billion

Four banks, namely Bank Melli Iran, Mellat Bank, Agricultural Bank of Iran and Bank Saderat Iran own 50% of the assets with the state-owned BMI topping the list with 14% of the total
Plan to Shed Surplus Assets of Banks Worth $1.3 Billion Plan to Shed Surplus Assets of Banks Worth $1.3 Billion

Economy Minister Farhad Dejpasand unveiled an online system that tracks surplus assets owned by banks and credit institutions. 
The mechanism logs data on 18 banks, both private and state-owned, with the aim to improve transparency about the value of assets and inform public opinion about the details. 
“This is a practical step toward unlocking banks’ resources, which in turn should boost their lending capacity,” Dejpasand told a special ceremony attended by senior bankers, IBENA reported. 
The system functions as a venue through which lenders put their properties on sale and potential buyers come forward. 

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