56205
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 ...

BMW’s Tech-Stuffed Concept SUV Heralds Fancy, Electric Future
Changing notions of what customers want from cars have pushed...
Tesla Hits New Speed Bump
Tesla Inc’s Chief Executive Officer Elon Musk on Sunday...
Oil & Gas Sector Most Conducive for Business
The research arm of Iran’s Parliament has conducted a first-of...
3 CBI Officials  to Leave
Following the recent passage of the law banning the employment...
CBA Concerned About Forex Outflow to Iran
The Central Bank of Afghanistan raised concerns about the...
Mineral Trade Surplus Hits $2.9b
Iran exported more than 25.47 million tons of mineral products...
Anzali Port to Be Connected to National Railroad
Anzali Port in the northern Gilan Province will be connected,...
Departure Tax Revenues  Up 117 Percent
The government earned 3 trillion rials ($24 million) from...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus