Legal Hassles Thwart Shrinking Surplus Assets of Banks: Majlis

The government should ease rules related to the sale of excess assets of banks to augment much-needed transparency in the banking sector and tame the galloping inflation, a deputy head of the Majlis Economic Studies Center said.
“Banks indeed are responsible for underpinning the real economic sector. Any activity that deviates them from this fundamental role, like doing business, buying/selling real estate…is a departure from their purpose of being,” Mousa Shahbazi was quoted by IBENA as saying.
Voicing the concerns of prominent economists and academia, Shahbazi said that the surplus assets, among other things, have for years led to disorderly and confusing bank balance sheets.