Assets on Divestiture List of Banks Valued at $3.6 Billion

New estimations indicate banks and credit institutions affiliated to the government own non-banking assets worth 900 trillion rials ($3.6 billion), the deputy economy minister for banking, insurance and state-owned companies said.
"The value of state-owned lenders' assets is assessed at a regular interval of six months," Abbas Memarnejad was also quoted as saying by IRIB News.  
The government-controlled banks and credit institutions sold shares and non-financial assets worth 110 trillion rials ($440 million) since the beginning of the current fiscal year in March up until January.  
According to Memarnejad, of the total ceded assets, 31 trillion rials ($124 million) pertain to shares of state banks listed in the stock market and 79 trillion rials ($316 million) constitute non-financial assets of banks, namely real-estate properties.