Banks Divest $282m Assets in One Year 

Banks and credit institutions divested 82 trillion rials ($282 million) in assets in one year, an Economy Ministry official said. 
According to Abbas Hosseini, deputy minister for banking, insurance, and state-owned companies, the assets included shares and non-financial assets, namely real estate. 
Most of the assets were sold in the last fiscal year (ended March 20). “A total of 73 trillion rials worth of assets were divested from Sept. 2021 to March 2022, including 33 trillion rials in shares and 34 trillion rials in surplus real estate,” he was quoted as saying by the ministry’s news website, Shada.ir.