Banks Told to Shed Assets, Fix Balance Sheets

Governor of the Central Bank of Iran Abdolnasser Hemmati has again called on lenders to tap into the stock market to improve their books and balance sheets. 
Hemmati pointed to the growing appeal of the stock market and asked banks to seize the opportunity and correct their balance sheets by shedding their non-financial assets. 
“Under the current condition of the capital market, banks can help both expand the market and correct their balance sheets by offering their shares,” he said, addressing CEOs of banks late Saturday, the CBI website reported.