IME Willing to Help Banks Cede Non-Financial Assets

The managing director of Iran Mercantile Exchange in a letter to banks announced that the IME is willing and able to help them divest their non-financial assets.
Addressing managers of 27 state and private lenders, Hamed Soltaninejad said the IME has put in place appropriate mechanisms for selling banks’ assets, the IME news agency, imereport.ir said.
The letter refers to recommendations by the Monetary and Banking Research Institute about tapping into the capacity of the IME to handle the non-banking assets.  
“The legal and operational infrastructure at the IME and the market” can handle the sale of banks’ excess properties,” Soltaninejad wrote.