Call for Delaying Banks’ Assets Auctions
Economy, Business And Markets

Call for Delaying Banks’ Assets Auctions

Government-owned Banks Coordination Council and the Association of Private Banks and Credit Institutions have jointly written a letter to First Vice President Es’haq Jahangiri, asking him to postpone the auctions for selling banks’ excess assets, on the grounds that the property market is in recession.

Bankers note that they received no bid in the previous auctions, not even at discount prices, Fars News Agency reported on Sunday. 

Bankers believe the auction should be postponed at least for a year when the market is expected to be in a better situation.

Iranian lenders have been urged to minimize their non-banking activities and sell excess assets to raise capital since their botched investments in the real-estate market caused them much pain in recent years.  


Short URL : https://goo.gl/6T6oKz
  1. https://goo.gl/VXmThq
  • https://goo.gl/Rd4UlC
  • https://goo.gl/M1e9xc
  • https://goo.gl/jZ3EZY
  • https://goo.gl/2754GN

You can also read ...

Russia Signs EAEU-Iran FTZ Agreement
Russian Prime Minister Dmitry Medvedev signed an interim...
Google spent more than half a billion dollars last year to establish smart home company Nest in sectors like security cameras, alarm systems and video doorbells.
Google parent company Alphabet reported first quarter earnings...
Ransomware Attack Hit Ukraine Energy Ministry Website
The website of Ukraine’s energy and coal ministry website has...
Hand-Woven Carpet Exports at $424m Last Year
Some 5,400 tons of hand-woven Persian carpets worth $424...
Non-Oil Trade With Italy  Up 9.6%
Iran traded $1.85 billion worth of non-oil goods with Italy in...
Labor Ministry Reports Provincial Share of GDP
The Ministry of Cooperatives, Labor and Social Welfare’s...
Modern Irrigation Systems  Installed Over 180,400 ha Last Year
More than 180,400 hectares of farmland were equipped with...
S. African Delegation to Visit Semnan
A South African business delegation of economic players in the...

Add new comment

Read our comment policy before posting your viewpoints